Jalan Tun Perak in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM700K and a median price per square foot (PSF) of RM268.

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 RM700K, with most transactions falling within a stable range of RM670K to RM1.13 million, and a typical market range of RM670K to RM850K.

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

Price per square foot shows a median of RM268, though individual units vary from RM103 to RM434 in the core range. The broader market spans RM161.31 to RM375.31, indicating diverse property characteristics. A wider spread (IQR: RM214.00) and deviation (MAD: RM165) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.