JALAN PANJANG

Area Intelligence

2023

Median Price

RM 585,000

PSF: RM 323

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Residential PSF Trends

Median Price

RM 570,000

PSF: RM 288

JALAN PANJANG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, priced between RM 500K and RM 750K, with a median price of RM 585K and a median price per square foot (PSF) of RM 323.

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 585K, with most transactions falling within a stable range of RM 570K to RM 600K, and a typical market range of RM 570K to RM 600K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 323, with core pricing between RM 288 and RM 357. Market pricing typically extends from RM 291.40 to RM 354.40, reflecting moderate variation in unit pricing. With an IQR of RM 63.00 and MAD of RM 34, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN PANJANG, Melaka Tengah, Melaka

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