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 336.
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 975K to RM 1.28 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 336, though individual units vary from RM 262 to RM 410 in the core range. The broader market spans RM 266.71 to RM 404.71, indicating diverse property characteristics. The spread of RM 138.00 (IQR) and deviation of RM 74 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
