JLN LAKSAMANA CHENG HO

JLN LAKSAMANA CHENG HO in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 1.15 million and a median price per square foot (PSF) of RM 717.

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 1.15 million, with most transactions falling within a stable range of RM 1.03 million to RM 1.15 million, and a typical market range of RM 1.09 million to RM 1.15 million.

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

The median PSF stands at RM 717, with core pricing between RM 603 and RM 831. Market pricing typically extends from RM 653.75 to RM 780.25, reflecting moderate variation in unit pricing. The spread of RM 126.50 (IQR) and deviation of RM 114 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.