TAMAN MELAKA RAYA

Area Intelligence
2022
Median Price
RM 700,000
PSF: RM 486

Commercial PSF Trends

Median Price

RM 700,000

RM 486 PSF

TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 11 subsale transactions in 2022, with a median price of RM 700K and a median price per square foot (PSF) of RM 486.

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 700K, with most transactions falling within a stable range of RM 750K to RM 807K, and a typical market range of RM 750K to RM 840K.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM 486, with core pricing between RM 417 and RM 555. Market pricing typically extends from RM 417.00 to RM 555.00, reflecting moderate variation in unit pricing. With an IQR of RM 138.00 and MAD of RM 69, the PSF demonstrates reasonable consistency across the market.

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

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Transactions

5 transactions grouped by size

1,500 sqft
Double Storey Shop
RM 750,000
JALAN MR 10
1,496 sqft · RM 501 PSF
RM 750,000
JALAN MELAKA RAYA 12
1,496 sqft · RM 501 PSF
1,550 sqft
3-Storey Shop
RM 830,000
JALAN MELAKA RAYA 8
1,539 sqft · RM 539 PSF
RM 970,000
JALAN MELAKA RAYA 8
1,539 sqft · RM 630 PSF
2,400 sqft
Double Storey Shop
RM 1,000,000
JALAN TMR 10
2,400 sqft · RM 417 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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