Malacca: Property Figures

Malacca: Property Figures

In the period of Jan-Sep 2015, Taman Malim Jaya (TMJ) was the neighbourhood with the most number of residential property transactions – 37. TMJ is a township located in Batu Berendam and its real estate offerings include condominiums, apartments and terraced houses.

Cassandra Tio, Hatten’s Group Head of Sales and Marketing credits the township’s ranking to its proximity to Malacca city centre. Located approximately 10km away, it is the second nearest housing estate to the city centre after Ujong Pasir.

Amenities in the locality include a Giant hypermart and Malacca Jusco shopping centre located 3km and 9km away, respectively.

Besides that, TMJ is a mere 15-minute drive away from both the Malacca International Airport and Central Bus station. Its strategic location is also the reason for the many vacation rental and homestays in the area. 

In the same period, the area that had the highest average price per sq ft for residential properties was Klebang at RM184 per sq ft.  A coastal town located on the southern shoreline of Malacca, Klebang is roughly a 10-minute drive away from Malacca city centre and the town’s conveniences such as shopping malls and restaurants. Klebang is also home to a few tourist attractions namely the Submarine Museum, the Klebang Besar beach and the 1Malaysia Square which will house the upcoming dinosaur themed-Jurassic Park.

The highest average price per sq ft for residential properties is in Klebang, recording RM184 followed by Malacca City at RM158 and Bukit Baru at RM138.
 

The total number of transactions for landed properties in Malacca from January to September 2015 was 1,643 with an average price per sq ft of RM108.

 

The total number of transactions for landed properties in Malacca from January to September 2015 was 412 with an average price per sq ft of RM154.

Going forward, Cassandra foresees more developers coming into the state, spurred on by recent developments in Malacca including the MOU between Malacca and Guangdong province, the proposed extension of the Bukit Berendam airport as well as the Melaka Gateway project.

Disclaimer: The source of data on brickz.my is from the Valuation and Property Services department (JPPH) which officially records a property transaction once the stamp duty for the Sales and Purchase is paid. Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available. 

 

CASSANDRA TIO
Hatten Group’s Head of Sales and Marketing
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