PLAZA MAHKOTA

Area Intelligence

2023

Median Price

RM 187,500

PSF: RM 196

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Commercial PSF Trends

Median Price

RM 187,500

RM 196 PSF

PLAZA MAHKOTA in Melaka Tengah, Melaka recorded 8 subsale transactions in 2023, with a median price of RM 188K and a median price per square foot (PSF) of RM 196.

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 188K, with most transactions falling within a stable range of RM 150K to RM 931K, and a typical market range of RM 150K to RM 470K.

Most transactions involved office lot, with high diversity across multiple property types.

Price per square foot shows a median of RM 196, though individual units vary from RM 0 to RM 760 in the core range. The broader market spans RM 0.00 to RM 442.88, indicating diverse property characteristics. A wider spread (IQR: RM 493.75) and deviation (MAD: RM 564) 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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Transactions

8 transactions grouped by size

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Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

950 sqft

Office Lot

950 sqft

Office Lot

RM 160,000

Level 3

958 sqft · RM 167 PSF

Apr 2023

RM 150,000

Level 4

958 sqft · RM 157 PSF

Apr 2023

RM 175,000

Level 3

958 sqft · RM 183 PSF

Mar 2023

RM 200,000

Level 2

958 sqft · RM 209 PSF

Feb 2023

RM 160,000

Level 4

958 sqft · RM 167 PSF

Feb 2023

Level 3	RM 160,000	RM 167	958 sqft	Apr 2023
Level 4	RM 150,000	RM 157	958 sqft	Apr 2023
Level 3	RM 175,000	RM 183	958 sqft	Mar 2023
Level 2	RM 200,000	RM 209	958 sqft	Feb 2023
Level 4	RM 160,000	RM 167	958 sqft	Feb 2023