Melaka
Melaka Tengah
Paya Rumput
TAMAN PAYA RUMPUT BISTARI

TAMAN PAYA RUMPUT BISTARI

Area Intelligence

2023

Median Price

RM 518,000

PSF: RM 236

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Residential PSF Trends

Median Price

RM 518,000

PSF: RM 236

TAMAN PAYA RUMPUT BISTARI in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, priced between RM 500K and RM 750K, with a median price of RM 518K and a median price per square foot (PSF) of RM 236.

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 518K, with most transactions falling within a stable range of RM 500K to RM 608K, and a typical market range of RM 500K to RM 626K.

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

The median PSF stands at RM 236, with core pricing between RM 194 and RM 277. Market pricing typically extends from RM 167.67 to RM 303.91, reflecting moderate variation in unit pricing. The spread of RM 136.25 (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.

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TAMAN PAYA RUMPUT BISTARI, Melaka Tengah, Melaka

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