MELIA RESIDENCES

MELIA RESIDENCES in Johor Bahru, Johor recorded 19 subsale transactions in 2021, with a median price of RM 632K and a median price per square foot (PSF) of RM 376.

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 632K, with most transactions falling within a stable range of RM 556K to RM 708K, and a typical market range of RM 572K to RM 692K.

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

The median PSF stands at RM 376, with core pricing between RM 321 and RM 431. Market pricing typically extends from RM 345.63 to RM 406.38, reflecting moderate variation in unit pricing. With an IQR of RM 60.75 and MAD of RM 55, 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. Limited transaction history suggests carefully evaluating comparable sales data.