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Market Snapshot
RM 495,000
RM 235 psfMedian transaction price
RM 721,500
RM 440 psfMedian transaction price
Malaysia, Melaka, UTAMA Taman Paya Rumput, Jalan Zapin 1A2, 76450
MapsTaman Paya Rumput Utama in Melaka Tengah, Melaka recorded 0 subsale transactions between 2021 and 2026, with a median price of RM 577K and a median price per square foot (PSF) of RM 277.
This area contains both residential and commercial properties. View 19 residential properties or 16 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 577K, with most transactions falling within a stable range of RM 454K to RM 700K, and a typical market range of RM 457K to RM 697K.
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 277, though individual units vary from RM 172 to RM 382 in the core range. The broader market spans RM 159.50 to RM 394.50, indicating diverse property characteristics. A wider spread (IQR: RM 235.00) and deviation (MAD: RM 105) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.