TAMAN PAYA RUMPUT UTAMA in Melaka Tengah, Melaka recorded 9 subsale transactions in 2023, with a median price of RM 650K and a median price per square foot (PSF) of RM 357.
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 650K, with most transactions falling within a stable range of RM 527K to RM 773K, and a typical market range of RM 530K to RM 770K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
Price per square foot shows a median of RM 357, though individual units vary from RM 252 to RM 462 in the core range. The broader market spans RM 239.50 to RM 474.50, indicating diverse property characteristics. A wider spread (IQR: RM 235.00) and deviation (MAD: RM 105) 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.
