Melaka
Melaka Tengah
Paya Rumput
TAMAN PAYA EMAS

TAMAN PAYA EMAS

Area Intelligence

2021

Median Price

RM 389,000

PSF: RM 234

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Residential PSF Trends

Median Price

RM 389,000

PSF: RM 234

Commercial PSF Trends

Median Price

RM 450,000

RM 273 PSF

TAMAN PAYA EMAS in Melaka Tengah, Melaka recorded 6 subsale transactions in 2021, with a median price of RM 389K and a median price per square foot (PSF) of RM 234.

This area contains both residential and commercial properties. View 42 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 389K, with most transactions falling within a stable range of RM 384K to RM 260K, and a typical market range of RM 259K to RM 260K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 234, with most transactions between RM 211 and RM 257. The usual range is RM 183.50 to RM 283.50, showing that most units are priced quite close to each other. With an IQR of RM 100.00 and MAD of RM 23, 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.

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TAMAN PAYA EMAS, Melaka Tengah, Melaka

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