JALAN PANJANG in Melaka Tengah, Melaka recorded 6 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 239.
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 450K, with most transactions falling within a stable range of RM 328K to RM 572K, and a typical market range of RM 348K to RM 553K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 239, with core pricing between RM 204 and RM 274. Market pricing typically extends from RM 207.50 to RM 270.50, reflecting moderate variation in unit pricing. With an IQR of RM 63.00 and MAD of RM 35, the PSF demonstrates reasonable consistency across the market.
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.
