Melaka

Median Price

RM 553k

Based on 15835 units sold preceding 12 mths.

Annual Growth

10.9%

Compound annual growth rate in median price.

Melaka, also known as The Historic State, is the third smallest state in Malaysia after Perlis and Penang. Located in the southern region of Peninsular Malaysia, Melaka is bordering Negeri Sembilan to the north and Johor to the south. It has a coastal line facing the Straits of Malacca. The state’s capital is Malacca City, which has been listed as a UNESCO World Heritage Site since July 2008.

Famous as a tourist destination, some of the notable historical sites in Melaka include the Stadhuys, A’Famosa Fort, Christ Church, Jonker Street and Portuguese Square. Many buildings in the capital still preserve the colonial architecture.  With the rapid development of the state, its property market has also grown over the years. The state’s landscape now features modern commercial properties such as office blocks, shop-offices, shopping complexes and industrial lots. Residential properties include terraced houses, semi-detached houses and bungalows. Apartments and condominiums are also becoming increasingly popular.

Generally, this state has a tropical climate. It is said that Melaka is the driest and hottest state in Malaysia but weather conditions are still considered moderate. Temperatures can reach as high as 33˚C. There is often relief from the heat with occasional rainfall. The wettest months in Melaka are from September to October.

The ethnic composition of Melaka’s population consists of Malays; Chinese including the Peranakan community; Indians including the Chitty people; Kristang, people of partial Portuguese ancestry; and Dutch Eurasians. In addition to the Malay culture, other cultural influences in Melaka include Peranakan, Portuguese and Sikhs. These influences are reflected in the local cuisines such as cendol, belacan, assam laksa, devil’s curry and Portuguese egg tarts. Baju kebaya, Nyonya beaded shoes, dondang sayang, branyo and joget lambak are some of the traditional cultural art and performances in Melaka.

Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 0 listings in Melaka, PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.

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HDB flats remain attractive as investment despite restrictive rules under PLH model HDB flats remain attractive as investment despite restrictive rules under PLH model ⋅ Dec 09 Over the past 20 years, prices of resale HDB flats increased by 0.82% quarter-on-quarter on average, or an accumulated growth of almost 70%....
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