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 628K to RM 762K, 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.

For price per square foot, the median is RM 413, with most transactions between RM 386 and RM 440. The usual range is RM 382.50 to RM 442.50, 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.