TAMAN AYER KEROH HEIGHT in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 355K and a median price per square foot (PSF) of RM 268.
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 355K, with most transactions falling within a stable range of RM -15,000 to RM 725K, and a typical market range of RM 165K to RM 545K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
Price per square foot shows a median of RM 268, though individual units vary from RM 181 to RM 355 in the core range. The broader market spans RM 151.50 to RM 384.50, indicating diverse property characteristics. A wider spread (IQR: RM 233.00) and deviation (MAD: RM 87) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
