|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Melaka Raya 29
|
RM 500,000
|
RM 175
|
2,863 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 25
|
RM 425,000
|
RM 148
|
2,863 sqft
|
|
3-Sty Shop |
|
Melaka Raya 25
|
RM 725,000
|
RM 253
|
2,863 sqft
|
|
3-Sty Shop |
| 2022 | |||||
|
Jalan Melaka Raya 26
|
RM 331,000
|
RM 116
|
2,863 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 26
|
RM 331,000
|
RM 116
|
2,863 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 32
|
RM 550,000
|
RM 192
|
2,863 sqft
|
|
3-Sty Shop |
| 2021 | |||||
|
Jalan Mr 25
|
RM 475,000
|
RM 166
|
2,863 sqft
|
|
3-Sty Shop |
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Market Snapshot
CommercialRM 475,000
RM 166 psfMedian transaction price
Melaka Raya, 75000 Malacca, Malaysia
MapsTaman Melaka Raya in Melaka Tengah, Melaka recorded 7 subsale transactions between 2021 and 2026, sized between 2,825 and 2,874 sqft, with a median price of RM 475K and a median price per square foot (PSF) of RM 166.
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 475K, with most transactions falling within a stable range of RM 348K to RM 602K, and a typical market range of RM 339K to RM 611K.
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 166, though individual units vary from RM 122 to RM 210 in the core range. The broader market spans RM 96.90 to RM 234.90, indicating diverse property characteristics. A wider spread (IQR: RM 138.00) and deviation (MAD: RM 44) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.