TAMAN MELAKA RAYA

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 700.

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.

The median PSF stands at RM 700, with core pricing between RM 626 and RM 774. Market pricing typically extends from RM 631.00 to RM 769.00, 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.

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.