TAMAN PAYA RUMPUT JAYA (PAYA RUMPUT) in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 430K and a median price per square foot (PSF) of RM 279.
This area contains both residential and commercial properties. View 4 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 430K, with most transactions falling within a stable range of RM 290K to RM 570K, and a typical market range of RM 318K to RM 543K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 279, with core pricing between RM 227 and RM 331. Market pricing typically extends from RM 224.63 to RM 333.38, reflecting moderate variation in unit pricing. The spread of RM 108.75 (IQR) and deviation of RM 52 (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.
