RUM PANGSA KERAJAAN NEGERI in Melaka Tengah, Melaka recorded 5 subsale transactions in 2023, with a median price of RM 70K and a median price per square foot (PSF) of RM 138.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 70K, with most transactions falling within a stable range of RM 54K to RM 87K, and a typical market range of RM 55K to RM 85K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 138, though individual units vary from RM 110 to RM 167 in the core range. The broader market spans RM 111.00 to RM 165.00, indicating diverse property characteristics. The spread of RM 54.00 (IQR) and deviation of RM 29 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
