TAMAN TG MINYAK

TAMAN TG MINYAK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 230K and a median price per square foot (PSF) of RM 97.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 230K, with most transactions falling within a stable range of RM 145K to RM 315K, and a typical market range of RM 205K to RM 255K.

Most transactions involved 1 - 1 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 97, with most transactions between RM 89 and RM 104. The usual range is RM 89.50 to RM 103.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 14.00 and an average deviation (MAD) of RM 8 indicate a highly stable PSF trend across properties.

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.