TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 5 subsale transactions in 2022, sized between 3,000 and 10,000 sqft, with a median price of RM 830K and a median price per square foot (PSF) of RM 252.
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 830K, with most transactions falling within a stable range of RM 680K to RM 980K, and a typical market range of RM 690K to RM 970K.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
Price per square foot shows a median of RM 252, though individual units vary from RM 178 to RM 326 in the core range. The broader market spans RM 183.45 to RM 321.45, indicating diverse property characteristics. A wider spread (IQR: RM 138.00) and deviation (MAD: RM 74) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
