| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Tm 26
|
RM 130,000
|
RM 123
|
1,055 sqft
|
|
|
|
Jalan Tm 26
|
RM 145,000
|
RM 137
|
1,055 sqft
|
|
|
|
Jalan Tm21
|
RM 120,000
|
RM 114
|
1,055 sqft
|
|
|
|
Jalan Tm 26
|
RM 125,000
|
RM 118
|
1,055 sqft
|
|
|
Jalan. Tm 2
|
RM 700,000
|
RM 269
|
2,605 sqft
|
|
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Market Snapshot
CommercialRM 130,000
RM 123 psfMedian transaction price
Taman Tanjung Minyak, 75260 Melaka, Malaysia
MapsTaman Tg Minyak in Melaka Tengah, Melaka recorded 5 subsale transactions in 2022, with a median price of RM 130K and a median price per square foot (PSF) of RM 123.
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 130K, with most transactions falling within a stable range of RM 120K to RM 358K, and a typical market range of RM 120K to RM 155K.
Most transactions involved 1 - 1 1/2 storey shop, though some variety exists in the market.
Price per square foot shows a median of RM 123, though individual units vary from RM 65 to RM 182 in the core range. The broader market spans RM 116.24 to RM 130.24, indicating diverse property characteristics. A wider spread (IQR: RM 14.00) and deviation (MAD: RM 59) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.