Melaka
Melaka Tengah
Bdr Melaka
JALAN TUN PERAK

JALAN TUN PERAK

Area Intelligence

2023

Median Price

RM 685,000

PSF: RM 344

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Commercial PSF Trends

Median Price

RM 685,000

RM 344 PSF

JALAN TUN PERAK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 685K and a median price per square foot (PSF) of RM 344.

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 685K, with most transactions falling within a stable range of RM 670K to RM 700K, and a typical market range of RM 670K to RM 700K.

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 344, though individual units vary from RM 237 to RM 451 in the core range. The broader market spans RM 237.00 to RM 451.00, indicating diverse property characteristics. A wider spread (IQR: RM 214.00) and deviation (MAD: RM 107) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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JALAN TUN PERAK, Melaka Tengah, Melaka

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