TAMAN MELAKA RAYA

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 623K to RM 923K, and a typical market range of RM 633K 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 432 and RM 580. 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 74, 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.