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 216.
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 259K to RM 519K, and a typical market range of RM 259K to RM 519K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 216, with core pricing between RM 174 and RM 258. Market pricing typically extends from RM 166.40 to RM 266.40, reflecting moderate variation in unit pricing. The spread of RM 100.00 (IQR) and deviation of RM 42 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
