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Market Snapshot
ResidentialRM 84,000
RM 105 psfMedian transaction price
Pengkalan Rama, 75100 Melaka, Malaysia
MapsPengkalan Rama Flats (Lot 7) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 84K and a median price per square foot (PSF) of RM 105.
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 84K, with most transactions falling within a stable range of RM 78K to RM 90K, and a typical market range of RM 78K to RM 90K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM 105, with most transactions between RM 105 and RM 106. The usual range is RM 84.18 to RM 126.68, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.50 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.