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Market Snapshot
ResidentialRM 128,500
RM 170 psfMedian transaction price
20, Jln Laksamana Cheng Ho, 75000 Melaka, Malaysia
MapsRum Pangsa Laksamana Cheng Ho in Melaka Tengah, Melaka recorded 0 subsale transactions in 2021, with a median price of RM 129K and a median price per square foot (PSF) of RM 170.
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 129K, with most transactions falling within a stable range of RM 105K to RM 152K, and a typical market range of RM 101K to RM 156K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 170, with core pricing between RM 147 and RM 193. Market pricing typically extends from RM 149.00 to RM 190.00, reflecting moderate variation in unit pricing. With an IQR of RM 41.00 and MAD of RM 23, the PSF demonstrates reasonable consistency across the market.
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.