| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Tm 27
|
RM 180,000
|
RM 126
|
1,432 sqft
|
|
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Market Snapshot
CommercialRM 180,000
RM 126 psfMedian transaction price
Taman Tanjung Minyak, 75260 Melaka, Malaysia
MapsTaman Tg Minyak in Melaka Tengah, Melaka recorded 1 subsale transactions in 2021, with a median price of RM 180K and a median price per square foot (PSF) of RM 126.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
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 126, with most transactions between RM 126 and RM 126. The usual range is RM 118.73 to RM 132.73, 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 0 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.