MELIA RESIDENCES

MELIA RESIDENCES in Johor Bahru, Johor recorded 30 subsale transactions in 2022, with a median price of RM 695K and a median price per square foot (PSF) of RM 413.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 695K, with most transactions falling within a stable range of RM 592K to RM 798K, and a typical market range of RM 636K to RM 754K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 413, with core pricing between RM 362 and RM 463. Market pricing typically extends from RM 382.50 to RM 442.50, reflecting moderate variation in unit pricing. With an IQR of RM 60.00 and MAD of RM 51, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.