|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Jalan Laksamana Cheng Ho
|
RM 583,000
|
RM 166
|
3,509 sqft
|
|
Semi-D |
| 2023 | |||||
|
Jalan Laksamana Cheng Ho
|
RM 350,000
|
RM 101
|
3,480 sqft
|
|
Semi-D |
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Market Snapshot
ResidentialRM 466,500
RM 133 psfMedian transaction price
Jln Panjang, 75000 Melaka, Malaysia
MapsJalan Panjang in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 3,475 and 3,524 sqft, with a median price of RM 467K and a median price per square foot (PSF) of RM 133.
This area contains both residential and commercial properties. View 12 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 467K, with most transactions falling within a stable range of RM 350K to RM 583K, and a typical market range of RM 364K to RM 569K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 133, though individual units vary from RM 101 to RM 166 in the core range. The broader market spans RM 101.86 to RM 164.86, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 33 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.