Melaka
Melaka Tengah
Bdr Melaka
JALAN TUN PERAK

JALAN TUN PERAK

Area Intelligence

2023

Median Price

RM 700,000

PSF: RM 237

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Commercial PSF Trends

Median Price

RM 700,000

RM 237 PSF

JALAN TUN PERAK in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 700K and a median price per square foot (PSF) of RM 237.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 700K, with most transactions falling within a stable range of RM 670K to RM 1.13 million, and a typical market range of RM 670K to RM 850K.

Most transactions involved 4 - 4 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 237, though individual units vary from RM 97 to RM 377 in the core range. The broader market spans RM 130.00 to RM 344.00, indicating diverse property characteristics. A wider spread (IQR: RM 214.00) and deviation (MAD: RM 140) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN TUN PERAK, Melaka Tengah, Melaka

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 700,000

JALAN TUN PERAK

2,954 sqft • RM 237.00 PSF

Jul 2023

RM 1,600,000

JALAN TUN PERAK

14,434 sqft • RM 111.00 PSF

Jun 2023

RM 670,000

JALAN TUN PERAK

1,485 sqft • RM 451.00 PSF

Apr 2023

Road	Price	Land PSF	Land	Date	Type
JALAN TUN PERAK	RM 700,000	RM 237.00	2,954 sqft	Jul 2023	4-Storey Shop
JALAN TUN PERAK	RM 1,600,000	RM 111.00	14,434 sqft	Jun 2023	Single Storey Shop
JALAN TUN PERAK	RM 670,000	RM 451.00	1,485 sqft	Apr 2023	Single Storey Shop