TAMAN MELAKA RAYA

TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 6 subsale transactions in 2024, with a median price of RM 600K and a median price per square foot (PSF) of RM 396.

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 600K, with most transactions falling within a stable range of RM 557K to RM 640K, and a typical market range of RM 500K to RM 640K.

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

For price per square foot, the median is RM 396, with most transactions between RM 358 and RM 433. The usual range is RM 321.25 to RM 469.75, showing that most units are priced quite close to each other. With an IQR of RM 148.50 and MAD of RM 37, 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.