| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Tm 26
|
RM 145,000
|
RM 137
|
1,055 sqft
|
|
|
|
Jalan Tm 27
|
RM 315,000
|
RM 299
|
1,055 sqft
|
|
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Market Snapshot
CommercialRM 230,000
RM 218 psfMedian transaction price
Taman Tanjung Minyak, 75260 Melaka, Malaysia
MapsTaman 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 218.
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.
Price per square foot shows a median of RM 218, though individual units vary from RM 137 to RM 299 in the core range. The broader market spans RM 211.04 to RM 225.04, indicating diverse property characteristics. A wider spread (IQR: RM 14.00) and deviation (MAD: RM 81) 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.