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 652K to RM 786K, 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.

For price per square foot, the median is RM 433, with most transactions between RM 406 and RM 460. The usual range is RM 403.00 to RM 463.00, showing that most units are priced quite close to each other. With an IQR of RM 60.00 and MAD of RM 27, 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.