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Market Snapshot
ResidentialRM 247,500
RM 277 psfMedian transaction price
Seksyen 3, 21, Jln Kota Laksamana 3/15, Taman Kota Laksamana, 75200 Malacca, Malaysia
MapsSeksyen 3 in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 875 and 924 sqft, with a median price of RM 248K and a median price per square foot (PSF) of RM 277.
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 248K, with most transactions falling within a stable range of RM 235K to RM 260K, and a typical market range of RM 235K to RM 260K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 277, with most transactions between RM 263 and RM 291. The usual range is RM 244.40 to RM 309.66, showing that most units are priced quite close to each other. With an IQR of RM 65.25 and MAD of RM 14, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.