| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 16
|
RM 535,000
|
RM 742
|
721 sqft
|
|
|
|
Level 12
|
RM 500,000
|
RM 693
|
721 sqft
|
|
|
|
Level 10
|
RM 600,000
|
RM 832
|
721 sqft
|
|
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Jalan Merdeka Raya, Taman Melaka Raya, 75000 Melaka, Malaysia
MapsThe Straits Residence in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2026, with a median price of RM 535K and a median price per square foot (PSF) of RM 742.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 535K, with most transactions falling within a stable range of RM 500K to RM 570K, and a typical market range of RM 510K to RM 560K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM 742, with most transactions between RM 693 and RM 791. The usual range is RM 707.09 to RM 776.59, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 49, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.