Area Intelligence

JLN TUN PERAK

1 properties
Double Storey Shop
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Median Price
RM 708,000
PSF: RM 429

Commercial Market

Median Price

RM 708,000

IQR: RM 214
MAD: RM 119
RM 429 PSF 11.5%

PSF Trends (2021-2025)

JLN TUN PERAK in Melaka Tengah, Melaka recorded 1 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 708K and a median price per square foot (PSF) of RM 429.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Within the Double Storey Shop category, 4 - 4 1/2 storey shop dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 429, with most transactions between RM 429 and RM 429. The usual range is RM 322.00 to RM 536.00, showing that most units are priced quite close to each other. With an IQR of RM 214.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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JLN TUN PERAK, Melaka Tengah, Melaka

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Transactions

1 properties grouped by size

1,650 sqft
1 units Double Storey Shop
RM 708,000
JLN KPG LAPAN
1,650 sqft · RM 429.00 PSF
Jul 2024