TAMAN PAYA RUMPUT JAYA (PAYA RUMPUT) in Melaka Tengah, Melaka recorded 1 subsale transactions in 2021, with a median price of RM 600K and a median price per square foot (PSF) of RM 167.
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 600K, with most transactions falling within a stable range of RM 460K to RM 740K, and a typical market range of RM 488K to RM 713K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 167, though individual units vary from RM 115 to RM 219 in the core range. The broader market spans RM 112.63 to RM 221.38, indicating diverse property characteristics. A wider spread (IQR: RM 108.75) and deviation (MAD: RM 52) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
