| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 3
|
RM 180,000
|
RM 192
|
936 sqft
|
|
|
|
Level 2
|
RM 220,000
|
RM 232
|
947 sqft
|
|
|
|
Level 1
|
RM 175,000
|
RM 187
|
936 sqft
|
|
|
Jalan 3/27A
|
RM 600,000
|
RM 319
|
1,884 sqft
|
|
|
Jalan Kenanga 3/10A
|
RM 660,000
|
RM 326
|
2,024 sqft
|
|
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Market Snapshot
ResidentialRM 220,000
RM 232 psfMedian transaction price
Seksyen 3, 21, Jln Kota Laksamana 3/15, Taman Kota Laksamana, 75200 Malacca, Malaysia
MapsSeksyen 3 in Melaka Tengah, Melaka recorded 5 subsale transactions in 2024, with a median price of RM 220K and a median price per square foot (PSF) of RM 232.
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 220K, with most transactions falling within a stable range of RM 175K to RM 436K, and a typical market range of RM 175K to RM 458K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 232, though individual units vary from RM 172 to RM 292 in the core range. The broader market spans RM 135.89 to RM 328.64, indicating diverse property characteristics. A wider spread (IQR: RM 192.75) and deviation (MAD: RM 60) indicate significant PSF variations, likely due to diverse property types or conditions.
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.