Melaka
Melaka Tengah
Bkt Baru
TAMAN KOTA GEMILANG

TAMAN KOTA GEMILANG

Area Intelligence

2022

Median Price

RM 455,000

PSF: RM 156

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TAMAN KOTA GEMILANG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, priced up to RM 500K, with a median price of RM 455K and a median price per square foot (PSF) of RM 156.

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 410K to RM 500K, and a typical market range of RM 410K to RM 500K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 156, with most transactions between RM 141 and RM 171. The usual range is RM 95.92 to RM 215.42, showing that most units are priced quite close to each other. With an IQR of RM 119.50 and MAD of RM 15, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN KOTA GEMILANG, Melaka Tengah, Melaka

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