Area Intelligence

TMN ASEAN

2 properties
Double Storey Shop
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Median Price
RM 527,500
PSF: RM 309

Residential Market

Median Price

RM 385,000

IQR: RM 96
MAD: RM 51
RM 232 PSF 8.3%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 527,500

IQR: RM 57
MAD: RM 40
RM 309 PSF 18.2%

PSF Trends (2021-2025)

TMN ASEAN in Melaka Tengah, Melaka recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 528K and a median price per square foot (PSF) of RM 309.

This area contains both residential and commercial properties. View 34 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 528K, with most transactions falling within a stable range of RM 325K to RM 730K, and a typical market range of RM 446K to RM 610K.

Within the Double Storey Shop category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 309, though individual units vary from RM 203 to RM 415 in the core range. The broader market spans RM 261.25 to RM 356.75, indicating diverse property characteristics. A wider spread (IQR: RM 95.50) and deviation (MAD: RM 106) 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.

Area Location

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TMN ASEAN, Melaka Tengah, Melaka

OSM

Transactions

2 properties grouped by size

1,600 sqft
1 units Double Storey Shop
RM 325,000
JALAN ASEAN
1,600 sqft · RM 203.00 PSF
Oct 2024
1,750 sqft
1 units Double Storey Shop
RM 730,000
JLN BALAI PANJANG
1,760 sqft · RM 415.00 PSF
Jan 2022