Melaka
Melaka Tengah
Bdr Melaka
TAMAN MELAKA RAYA

TAMAN MELAKA RAYA

Area Intelligence

2021

Median Price

RM 1,125,000

PSF: RM 700

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Commercial PSF Trends

Median Price

RM 1,125,000

RM 700 PSF

TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 1.13 million and a median price per square foot (PSF) of RM 700.

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 1.13 million, with most transactions falling within a stable range of RM 655K to RM 1.59 million, and a typical market range of RM 985K to RM 1.27 million.

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 700, though individual units vary from RM 507 to RM 893 in the core range. The broader market spans RM 631.00 to RM 769.00, indicating diverse property characteristics. A wider spread (IQR: RM 138.00) and deviation (MAD: RM 193) 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.

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TAMAN MELAKA RAYA, Melaka Tengah, Melaka

OSM

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Transactions

4 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 800,000

JALAN MR 10

1,496 sqft • RM 535.00 PSF

Dec 2021

RM 475,000

JALAN MR 25

1,001 sqft • RM 475.00 PSF

Nov 2021

RM 1,630,000

JALAN MERDEKA

1,884 sqft • RM 865.00 PSF

Jul 2021

RM 1,450,000

JALAN MELAKA RAYA 1

1,593 sqft • RM 910.00 PSF

May 2021

Road	Price	Land PSF	Land	Date	Type
JALAN MR 10	RM 800,000	RM 535.00	1,496 sqft	Dec 2021	Double Storey Shop
JALAN MR 25	RM 475,000	RM 475.00	1,001 sqft	Nov 2021	3-Storey Shop
JALAN MERDEKA	RM 1,630,000	RM 865.00	1,884 sqft	Jul 2021	3-Storey Shop
JALAN MELAKA RAYA 1	RM 1,450,000	RM 910.00	1,593 sqft	May 2021	3-Storey Shop