Taman Padang Balang

Taman Padang Balang in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 748K and a median price per square foot (PSF) of RM 263.

This area contains both residential and commercial properties. View 4 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 748K, with most transactions falling within a stable range of RM 370K to RM 1.13 million, and a typical market range of RM 571K to RM 924K.

Most transactions involved office lot, with high diversity across multiple property types.

For price per square foot, the median is RM 263, with most transactions between RM 252 and RM 275. The usual range is RM 196.67 to RM 330.17, showing that most units are priced quite close to each other. With an IQR of RM 133.50 and MAD of RM 12, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.