TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2022, sized between 5,000 and 10,000 sqft, with a median price of RM 641K and a median price per square foot (PSF) of RM 123.
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 641K, with most transactions falling within a stable range of RM 491K to RM 791K, and a typical market range of RM 501K to RM 781K.
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 123, though individual units vary from RM 49 to RM 197 in the core range. The broader market spans RM 54.04 to RM 192.04, 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.
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.
