Area Intelligence

JALAN PARAMESWARA

4 properties
2024
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Median Price
RM 352,500
PSF: RM 232

Residential Market

Median Price

RM 352,500

IQR: RM 110
MAD: RM 69
RM 232 PSF 0.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 1,700,000

RM 629 PSF

PSF Trends (2021-2025)

JALAN PARAMESWARA in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM 353K and a median price per square foot (PSF) of RM 232.

This area contains both residential and commercial properties. View 7 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 353K, with most transactions falling within a stable range of RM 300K to RM 506K, and a typical market range of RM 300K to RM 599K.

Most transactions involved detached, with high diversity across multiple property types.

Price per square foot shows a median of RM 232, though individual units vary from RM 174 to RM 289 in the core range. The broader market spans RM 195.75 to RM 267.25, indicating diverse property characteristics. The spread of RM 71.50 (IQR) and deviation of RM 58 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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JALAN PARAMESWARA, Melaka Tengah, Melaka

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Transactions

4 properties grouped by size

1,350 sqft
1 units Single Storey Terraced
RM 310,000
JLN CHAN KOON CHENG
1,350 sqft · RM 230.00 PSF
Jun 2024
1,700 sqft
1 units Single Storey Semi-D
RM 395,000
JLN PARAMESWARA
1,694 sqft · RM 233.00 PSF
Oct 2024
2,800 sqft
1 units Single Storey Semi-D
RM 678,000
JLN PARAMESWARA
2,789 sqft · RM 243.00 PSF
Oct 2024
2,900 sqft
1 units Detached
RM 300,000
JLN PARAMESWARA
2,918 sqft · RM 103.00 PSF
Dec 2024