Area Intelligence

JALAN PANJANG

2 properties
Double Storey Shop
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Median Price
RM 585,000
PSF: RM 276

Residential Market

Median Price

RM 414,000

IQR: RM 46
MAD: RM 24
RM 253 PSF 7.0%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 585,000

IQR: RM 66
MAD: RM 66
RM 276 PSF 38.4%

PSF Trends (2021-2025)

JALAN PANJANG in Melaka Tengah, Melaka recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 585K and a median price per square foot (PSF) of RM 276.

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.

Within the Double Storey Shop category, 2 - 2 1/2 storey terraced dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 276, though individual units vary from RM 210 to RM 341 in the core range. The broader market spans RM 244.00 to RM 307.00, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 66 (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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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JALAN PANJANG, Melaka Tengah, Melaka

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Transactions

2 properties grouped by size

1,650 sqft
1 units Double Storey Shop
RM 570,000
JLN SEMABOK
1,674 sqft · RM 341.00 PSF
Jan 2022
2,850 sqft
1 units Double Storey Shop
RM 600,000
JLN SEMABOK
2,852 sqft · RM 210.00 PSF
Dec 2023