| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 11
|
RM 123,000
|
RM 200
|
614 sqft
|
|
|
|
Level 13
|
RM 113,000
|
RM 184
|
614 sqft
|
|
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Market Snapshot
ResidentialRM 121,500
RM 192 psfMedian transaction price
20, Jln Laksamana Cheng Ho, 75000 Melaka, Malaysia
MapsRum Pangsa Laksamana Cheng Ho in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM 122K and a median price per square foot (PSF) of RM 192.
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 122K, with most transactions falling within a stable range of RM 113K to RM 163K, and a typical market range of RM 113K to RM 149K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 192, with core pricing between RM 165 and RM 220. Market pricing typically extends from RM 171.83 to RM 212.83, reflecting moderate variation in unit pricing. With an IQR of RM 41.00 and MAD of RM 27, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.