TAMAN MELAWATI in Johor Bahru, Johor recorded 22 subsale transactions in 2023, with a median price of RM 420K and a median price per square foot (PSF) of RM 277.
This area contains both residential and commercial properties. View 49 residential properties or 12 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 420K, with most transactions falling within a stable range of RM 210K to RM 630K, and a typical market range of RM 230K to RM 610K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 277, with core pricing between RM 227 and RM 327. Market pricing typically extends from RM 231.00 to RM 323.00, reflecting moderate variation in unit pricing. The spread of RM 92.00 (IQR) and deviation of RM 50 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
