TAMAN PAYA RUMPUT BISTARI in Melaka Tengah, Melaka recorded 6 subsale transactions in 2023, with a median price of RM 499K and a median price per square foot (PSF) of RM 308.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 499K, with most transactions falling within a stable range of RM 372K to RM 627K, and a typical market range of RM 391K to RM 607K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 308, with most transactions between RM 279 and RM 337. The usual range is RM 239.88 to RM 376.13, showing that most units are priced quite close to each other. With an IQR of RM 136.25 and MAD of RM 29, 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.
