|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Jalan Melaka Raya 28
|
RM 640,000
|
RM 168
|
3,800 sqft
|
|
3-Sty Shop |
|
Jalan Mr 10
|
RM 500,000
|
RM 187
|
2,680 sqft
|
|
2-Sty Shop |
|
Jalan Melaka Raya 23
|
RM 585,000
|
RM 182
|
3,218 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 23
|
RM 600,000
|
RM 186
|
3,218 sqft
|
|
3-Sty Shop |
|
Jalan Melaka Raya 8
|
RM 600,000
|
RM 275
|
2,185 sqft
|
|
2-Sty Shop |
|
Jalan Mlka Raya 8
|
RM 600,000
|
RM 275
|
2,185 sqft
|
|
2-Sty Shop |
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Market Snapshot
CommercialRM 600,000
RM 186 psfMedian transaction price
Melaka Raya, 75000 Malacca, Malaysia
MapsTaman 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 186.
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.
Price per square foot shows a median of RM 186, though individual units vary from RM 142 to RM 231 in the core range. The broader market spans RM 117.49 to RM 255.49, indicating diverse property characteristics. The spread of RM 138.00 (IQR) and deviation of RM 45 (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.