|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Melaka Raya 4
|
RM 855,000
|
RM 207
|
4,123 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 29
|
RM 500,000
|
RM 175
|
2,863 sqft
|
|
3-Sty Shop |
|
Jalan Mr 10
|
RM 500,000
|
RM 187
|
2,680 sqft
|
|
2-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 |
|
Jalan Melaka Raya
|
RM 450,000
|
RM 117
|
3,853 sqft
|
|
3-Sty Shop |
|
Taman Melaka Raya
|
RM 850,000
|
RM 206
|
4,123 sqft
|
|
3-Sty Shop |
|
Jalan Mlk Raya
|
RM 940,000
|
RM 255
|
3,681 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 3
|
RM 820,000
|
RM 223
|
3,670 sqft
|
|
3-Sty Shop |
|
Jalan Syed Abdul Aziz
|
RM 940,000
|
RM 232
|
4,058 sqft
|
|
3-Sty Shop |
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Market Snapshot
CommercialRM 772,500
RM 207 psfMedian transaction price
Melaka Raya, 75000 Malacca, Malaysia
MapsTaman 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 207.
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 637K to RM 908K.
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 207, though individual units vary from RM 164 to RM 249 in the core range. The broader market spans RM 137.79 to RM 275.79, indicating diverse property characteristics. The spread of RM 138.00 (IQR) and deviation of RM 42 (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.