Melaka
Melaka Tengah
Paya Rumput
TAMAN PAYA RUMPUT UTAMA

TAMAN PAYA RUMPUT UTAMA

Area Intelligence

2024

Median Price

RM 565,000

PSF: RM 226

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Residential PSF Trends

Median Price

RM 405,000

PSF: RM 198

Commercial PSF Trends

Median Price

RM 630,000

RM 409 PSF

TAMAN PAYA RUMPUT UTAMA in Melaka Tengah, Melaka recorded 12 subsale transactions in 2024, with a median price of RM 565K and a median price per square foot (PSF) of RM 226.

This area contains both residential and commercial properties. View 19 residential properties or 16 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 565K, with most transactions falling within a stable range of RM 550K to RM 300K, and a typical market range of RM 445K to RM 300K.

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

For price per square foot, the median is RM 226, with most transactions between RM 223 and RM 229. The usual range is RM 108.00 to RM 343.00, showing that most units are priced quite close to each other. With an IQR of RM 235.00 and MAD of RM 3, 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.

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TAMAN PAYA RUMPUT UTAMA, Melaka Tengah, Melaka

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