TAMAN MELAKA RAYA

TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 773K and a median price per square foot (PSF) of RM 506.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 773K, with most transactions falling within a stable range of RM 574K to RM 940K, and a typical market range of RM 615K to RM 930K.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 506, though individual units vary from RM 387 to RM 625 in the core range. The broader market spans RM 431.75 to RM 580.25, indicating diverse property characteristics. The spread of RM 148.50 (IQR) and deviation of RM 119 (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.