TAMAN KOTA GEMILANG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 455K and a median price per square foot (PSF) of RM 296.
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 455K, with most transactions falling within a stable range of RM 360K to RM 550K, and a typical market range of RM 306K to RM 604K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
Price per square foot shows a median of RM 296, though individual units vary from RM 234 to RM 358 in the core range. The broader market spans RM 235.75 to RM 355.25, indicating diverse property characteristics. The spread of RM 119.50 (IQR) and deviation of RM 62 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
