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 550K to RM 850K, and a typical market range of RM 560K 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 412 and RM 560. Market pricing typically extends from RM 417.00 to RM 555.00, reflecting moderate variation in unit pricing. The spread of RM 138.00 (IQR) and deviation of RM 74 (MAD) suggest moderate price variations reflecting different property features.
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.
