TAMAN PAYA BARU

TAMAN PAYA BARU in Melaka Tengah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 346K and a median price per square foot (PSF) of RM 222.

This area contains both residential and commercial properties. View 3 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 346K, with most transactions falling within a stable range of RM 340K to RM 424K, and a typical market range of RM 340K to RM 401K.

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

The median PSF stands at RM 222, with core pricing between RM 190 and RM 253. Market pricing typically extends from RM 200.50 to RM 242.50, reflecting moderate variation in unit pricing. With an IQR of RM 42.00 and MAD of RM 31, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.