Melaka
Melaka Tengah
Bdr Melaka
TAMAN MELAKA RAYA

TAMAN MELAKA RAYA

Area Intelligence

2023

Median Price

RM 772,500

PSF: RM 506

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Commercial PSF Trends

Median Price

RM 772,500

RM 506 PSF

TAMAN 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 506.

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 820K to RM 822K, and a typical market range of RM 820K to RM 913K.

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

The median PSF stands at RM 506, with core pricing between RM 445 and RM 567. Market pricing typically extends from RM 437.00 to RM 575.00, reflecting moderate variation in unit pricing. With an IQR of RM 138.00 and MAD of RM 61, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN MELAKA RAYA, Melaka Tengah, Melaka

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Transactions

5 transactions grouped by size

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)

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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)

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Road	Price	Land PSF	Land	Date	Type

1,400 sqft

3-Storey Shop

1,400 sqft

3-Storey Shop

RM 855,000

JALAN MELAKA RAYA 4

1,399 sqft · RM 611 PSF

Dec 2023

RM 940,000

JALAN MLK RAYA

1,399 sqft · RM 672 PSF

Jan 2023

RM 940,000

JALAN SYED ABDUL AZIZ

1,399 sqft · RM 672 PSF

Jan 2023

JALAN MELAKA RAYA 4	RM 855,000	RM 611	1,399 sqft	Dec 2023
JALAN MLK RAYA	RM 940,000	RM 672	1,399 sqft	Jan 2023
JALAN SYED ABDUL AZIZ	RM 940,000	RM 672	1,399 sqft	Jan 2023