Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 1
|
RM 370,000
|
RM 275
|
1,345 sqft
|
|
Office |
|
Level 1
|
RM 360,000
|
RM 268
|
1,345 sqft
|
|
Shop |
| 2023 | |||||
|
Level 1
|
RM 380,000
|
RM 282
|
1,345 sqft
|
|
Shop |
| 2022 | |||||
|
Level 1
|
RM 235,000
|
RM 175
|
1,345 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 365,000
RM 271 psfMedian transaction price
Taman Padang Balang, 75350 Batu Berendam, Melaka, Malaysia
MapsTaman Padang Balang in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2026, sized between 1,325 and 1,374 sqft, with a median price of RM 365K and a median price per square foot (PSF) of RM 271.
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 365K, with most transactions falling within a stable range of RM 306K to RM 380K, and a typical market range of RM 235K to RM 380K.
Most transactions involved office lot, with high diversity across multiple property types.
The median PSF stands at RM 271, with core pricing between RM 228 and RM 315. Market pricing typically extends from RM 204.53 to RM 338.03, reflecting moderate variation in unit pricing. The spread of RM 133.50 (IQR) and deviation of RM 44 (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.