Area Intelligence

TMN 1 LAGENDA

1 properties
2024
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Median Price
RM 640,000
PSF: RM 381

Commercial Market

Median Price

RM 640,000

IQR: RM 194
MAD: RM 113
RM 381 PSF 16.9%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN 1 LAGENDA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2024, with a median price of RM 640K and a median price per square foot (PSF) of RM 381.

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

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

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 381, with most transactions between RM 381 and RM 381. The usual range is RM 284.25 to RM 477.75, showing that most units are priced quite close to each other. With an IQR of RM 193.50 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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TMN 1 LAGENDA, Melaka Tengah, Melaka

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Transactions

1 properties grouped by size

1,700 sqft
1 units Double Storey Shop
RM 640,000
JLN LAGENDA 5
1,679 sqft · RM 381.00 PSF
Aug 2024