JALAN PANJANG

Area Intelligence

2023

Median Price

RM 450,000

PSF: RM 239

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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 253

Commercial PSF Trends

Median Price

RM 600,000

RM 210 PSF

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 570K to RM 465K, and a typical market range of RM 570K 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 200 and RM 278. Market pricing typically extends from RM 207.50 to RM 270.50, reflecting moderate variation in unit pricing. The spread of RM 63.00 (IQR) and deviation of RM 39 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN PANJANG, Melaka Tengah, Melaka

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