Melaka
Melaka Tengah
Paya Rumput
TAMAN PAYA RUMPUT UTAMA

TAMAN PAYA RUMPUT UTAMA

Area Intelligence

2022

Median Price

RM 645,000

PSF: RM 389

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Residential PSF Trends

Median Price

RM 490,000

PSF: RM 186

Commercial PSF Trends

Median Price

RM 737,000

RM 455 PSF

TAMAN PAYA RUMPUT UTAMA in Melaka Tengah, Melaka recorded 10 subsale transactions in 2022, with a median price of RM 645K and a median price per square foot (PSF) of RM 389.

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 645K, with most transactions falling within a stable range of RM 565K to RM 490K, and a typical market range of RM 525K to RM 490K.

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

The median PSF stands at RM 389, with core pricing between RM 323 and RM 455. Market pricing typically extends from RM 271.50 to RM 506.50, reflecting moderate variation in unit pricing. The spread of RM 235.00 (IQR) and deviation of RM 66 (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.

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TAMAN PAYA RUMPUT UTAMA, Melaka Tengah, Melaka

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