TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 6 subsale transactions in 2023, sized between 3,000 and 10,000 sqft, with a median price of RM 853K and a median price per square foot (PSF) of RM 215.
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 853K, with most transactions falling within a stable range of RM 703K to RM 1.00 million, and a typical market range of RM 713K to RM 993K.
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 215, though individual units vary from RM 141 to RM 289 in the core range. The broader market spans RM 146.40 to RM 284.40, 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.
