Melaka
Melaka Tengah
Bdr Melaka
JALAN TENGKERA

JALAN TENGKERA

Area Intelligence

2023

Median Price

RM 460,000

PSF: RM 138

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Residential PSF Trends

Median Price

RM 460,000

PSF: RM 138

JALAN TENGKERA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 460K and a median price per square foot (PSF) of RM 138.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 460K, with most transactions falling within a stable range of RM 361K to RM 460K, and a typical market range of RM 422K to RM 460K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.

Price per square foot shows a median of RM 138, though individual units vary from RM 96 to RM 180 in the core range. The broader market spans RM 109.75 to RM 166.25, indicating diverse property characteristics. A wider spread (IQR: RM 56.50) and deviation (MAD: RM 42) indicate significant PSF variations, likely due to diverse property types or conditions.

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 TENGKERA, Melaka Tengah, Melaka

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