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 650K to RM 675K, and a typical market range of RM 650K to RM 700K.
Most transactions involved office lot, with high diversity across multiple property types.
For price per square foot, the median is RM 592, with most transactions between RM 569 and RM 615. The usual range is RM 345.13 to RM 838.88, showing that most units are priced quite close to each other. With an IQR of RM 493.75 and MAD of RM 23, the PSF demonstrates reasonable consistency across the market.
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.
