MELIA RESIDENCES

MELIA RESIDENCES in Johor Bahru, Johor recorded 28 subsale transactions in 2023, with a median price of RM 719K and a median price per square foot (PSF) of RM 433.

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 719K, with most transactions falling within a stable range of RM 570K to RM 930K, and a typical market range of RM 660K to RM 778K.

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

The median PSF stands at RM 433, with core pricing between RM 373 and RM 493. Market pricing typically extends from RM 403.00 to RM 463.00, reflecting moderate variation in unit pricing. With an IQR of RM 60.00 and MAD of RM 60, 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. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.