TAMAN MUZAFFAR SHAH in Melaka Tengah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 273K and a median price per square foot (PSF) of RM 168.
This area contains both residential and commercial properties. View 46 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 273K, with most transactions falling within a stable range of RM 233K to RM 313K, and a typical market range of RM 208K to RM 338K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 168, with core pricing between RM 140 and RM 196. Market pricing typically extends from RM 140.00 to RM 195.00, reflecting moderate variation in unit pricing. The spread of RM 55.00 (IQR) and deviation of RM 28 (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.
