JLN TUN PERAK

JLN TUN PERAK in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 700K and a median price per square foot (PSF) of RM 237.

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 700K, with most transactions falling within a stable range of RM 670K to RM 1.13 million, and a typical market range of RM 670K to RM 850K.

Most transactions involved 4 - 4 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 237, though individual units vary from RM 97 to RM 377 in the core range. The broader market spans RM 130.00 to RM 344.00, indicating diverse property characteristics. A wider spread (IQR: RM 214.00) and deviation (MAD: RM 140) 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.