TAMAN PERINGGIT JAYA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 228K and a median price per square foot (PSF) of RM 138.
This area contains both residential and commercial properties. View 8 residential properties or 10 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 228K, with most transactions falling within a stable range of RM 175K to RM 281K, and a typical market range of RM 170K to RM 285K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
The median PSF stands at RM 138, with core pricing between RM 117 and RM 159. Market pricing typically extends from RM 118.25 to RM 156.75, reflecting moderate variation in unit pricing. The spread of RM 38.50 (IQR) and deviation of RM 21 (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.
