Melaka
Melaka Tengah
Paya Rumput
TAMAN PAYA RUMPUT INDAH

TAMAN PAYA RUMPUT INDAH

Area Intelligence

2023

Median Price

RM 260,000

PSF: RM 188

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Residential PSF Trends

Median Price

RM 260,000

PSF: RM 188

Commercial PSF Trends

Median Price

RM 237,500

RM 166 PSF

TAMAN PAYA RUMPUT INDAH in Melaka Tengah, Melaka recorded 20 subsale transactions in 2023, with a median price of RM 260K and a median price per square foot (PSF) of RM 188.

This area contains both residential and commercial properties. View 62 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 260K, with most transactions falling within a stable range of RM 540K to RM 364K, and a typical market range of RM 540K to RM 316K.

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 188, with most transactions between RM 172 and RM 205. The usual range is RM 166.00 to RM 210.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 44.00 and an average deviation (MAD) of RM 17 indicate a highly stable PSF trend across properties.

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. Moderate transaction volume may require patience when buying or selling.

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TAMAN PAYA RUMPUT INDAH, Melaka Tengah, Melaka

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