Melaka
Median Price
RM 475k
Based on 4096 units sold preceding 12 mths.
Annual Growth
10.0%
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 Malay...
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KWAP to Invest in TRX Only Through Viable Partnership
⋅ Jun 06
Lacking the capacity to develop the two projects on its own, Retirement Fund Inc (KWAP) said it will only invest in Bandar Malaysia and the Tun Razak Exchange (TRX) if th...
Longhouse Folks Suffering Over Move to New PPR Units
⋅ Jun 06
The 815 households living in the rundown Jinjang Utara longhouses are now in the process of getting their permanent houses at PPR Seri Aman after waiting for 25 years....
Knight Frank Launches Asia-Pacific Residential Review
⋅ Jun 06
Knight Frank, the independent global property consultancy, today launches the May 2017 issue of Asia-Pacific Residential Review, tracking cross-border residential land ac...
Ikhmas Jaya Secures RM189m Contract from BBCC Project
⋅ Jun 06
A subsidiary of Ikhmas Jaya Group has been appointed to carry out the substructure works for the RM8.7 billion Bukit Bintang City Centre (BBCC) project at Jalan Pudu in K...
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About Melaka
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 1402 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. You might also want to check these most popular area nearby Alor Gajah and Klebang
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