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Market Snapshot
ResidentialRM 171,500
RM 161 psfMedian transaction price
20, Jln Laksamana Cheng Ho, 75000 Melaka, Malaysia
MapsRum Pangsa Laksamana Cheng Ho in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 1,025 and 1,074 sqft, with a median price of RM 172K and a median price per square foot (PSF) of RM 161.
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 172K, with most transactions falling within a stable range of RM 128K to RM 215K, and a typical market range of RM 144K to RM 199K.
Most transactions involved flats, though some variety exists in the market.
Price per square foot shows a median of RM 161, though individual units vary from RM 120 to RM 202 in the core range. The broader market spans RM 140.44 to RM 181.44, indicating diverse property characteristics. A wider spread (IQR: RM 41.00) and deviation (MAD: RM 41) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.