PLAZA MAHKOTA

Area Intelligence

2022

Median Price

RM 242,500

PSF: RM 259

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Commercial PSF Trends

Median Price

RM 340,000

RM 372 PSF

PLAZA MAHKOTA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 243K and a median price per square foot (PSF) of RM 259.

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 243K, with most transactions falling within a stable range of RM 145K to RM 340K, 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 259, though individual units vary from RM 146 to RM 372 in the core range. The broader market spans RM 12.13 to RM 505.88, indicating diverse property characteristics. A wider spread (IQR: RM 493.75) and deviation (MAD: RM 113) 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.

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PLAZA MAHKOTA, Melaka Tengah, Melaka

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