Depends on the property I suppose but data from my recent Airbnb study some months back showed that property prices against Airbnb earnings can be quite attractive in Melaka.
Can check out my post here - https://blog.rentandreturns.com/airbnb-in-m...-point-of-view/
Melaka actually came up second place out of the 5 most popular Airbnb states in the country.
There are definitely other factors that need to be taken into consideration but it looks like there are property investment opportunities to be found there.
properties in Melaka