PLAZA MAHKOTA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2021, with a median price of RM 650K and a median price per square foot (PSF) of RM 592.
This area contains both residential and commercial properties. View 1 residential properties or 15 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 650K, with most transactions falling within a stable range of RM 455K to RM 845K, and a typical market range of RM 368K to RM 933K.
Most transactions involved office lot, with high diversity across multiple property types.
Price per square foot shows a median of RM 592, though individual units vary from RM 403 to RM 782 in the core range. The broader market spans RM 345.13 to RM 838.88, indicating diverse property characteristics. A wider spread (IQR: RM 493.75) and deviation (MAD: RM 190) 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.
