TAMAN MELAKA RAYA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 600K and a median price per square foot (PSF) of RM 182.
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 600K, with most transactions falling within a stable range of RM 450K to RM 750K, and a typical market range of RM 460K to RM 740K.
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 182, though individual units vary from RM 108 to RM 256 in the core range. The broader market spans RM 112.77 to RM 250.77, 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.
