Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Level 1
|
RM 340,000
|
RM 372
|
915 sqft
|
|
Shop |
|
Level 4
|
RM 145,000
|
RM 146
|
990 sqft
|
|
Condo |
|
Level 3
|
RM 150,000
|
RM 129
|
1,163 sqft
|
|
Office |
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Market Snapshot
CommercialRM 245,000
RM 250 psfMedian transaction price
Plaza Mahkota, 75000 Melaka, Malaysia
MapsPlaza Mahkota in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 150K and a median price per square foot (PSF) of RM 146.
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 150K, with most transactions falling within a stable range of RM 145K to RM 241K, and a typical market range of RM 145K to RM 340K.
Most transactions involved office lot, with high diversity across multiple property types.
Price per square foot shows a median of RM 146, though individual units vary from RM 36 to RM 257 in the core range. The broader market spans RM 0.00 to RM 393.29, indicating diverse property characteristics. A wider spread (IQR: RM 493.75) and deviation (MAD: RM 110) 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.