Area Intelligence

TMN BUNGA RAYA

3 properties
Single Storey Shop
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Median Price
RM 270,000
PSF: RM 162

Residential Market

Median Price

RM 265,000

IQR: RM 40
MAD: RM 26
RM 173 PSF 3.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 270,000

IQR: RM 11
MAD: RM 8
RM 162 PSF 9.4%

PSF Trends (2021-2025)

TMN BUNGA RAYA in Melaka Tengah, Melaka recorded 3 Single Storey Shop properties subsale transactions between 2021 and 2025 for single storey shop properties, with a median price of RM 270K and a median price per square foot (PSF) of RM 162.

This area contains both residential and commercial properties. View 34 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 270K, with most transactions falling within a stable range of RM 250K to RM 311K, and a typical market range of RM 250K to RM 315K.

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

For price per square foot, the median is RM 162, with most transactions between RM 153 and RM 171. The usual range is RM 143.00 to RM 181.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 38.00 and an average deviation (MAD) of RM 9 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN BUNGA RAYA, Melaka Tengah, Melaka

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Transactions

3 properties grouped by size

1,550 sqft
2 units Single Storey Shop
RM 270,000
JALAN SEROJA
1,539 sqft · RM 175.00 PSF
Oct 2024
RM 250,000
JLN SEROJA
1,539 sqft · RM 162.00 PSF
May 2024
2,250 sqft
1 units Single Storey Shop
RM 345,000
JLN SEROJA
2,239 sqft · RM 154.00 PSF
Nov 2023