WANG PLAZA

WANG PLAZA in Melaka Tengah, Melaka recorded 4 subsale transactions in 2022, with a median price of RM 490K and a median price per square foot (PSF) of RM 279.

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 490K, with most transactions falling within a stable range of RM 430K to RM 565K, and a typical market range of RM 430K to RM 550K.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 279, with most transactions between RM 266 and RM 292. The usual range is RM 265.50 to RM 292.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 27.00 and an average deviation (MAD) of RM 13 indicate a highly stable PSF trend across properties.

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.