TAMAN NURI

Area Intelligence

2021

Median Price

RM 715,000

PSF: RM 227

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Residential PSF Trends

Median Price

RM 715,000

PSF: RM 227

TAMAN NURI in Alor Gajah, Melaka recorded 11 subsale transactions in 2021, with a median price of RM 715K and a median price per square foot (PSF) of RM 227.

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 715K, with most transactions falling within a stable range of RM 645K to RM 490K, and a typical market range of RM 562K to RM 490K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.

For price per square foot, the median is RM 227, with most transactions between RM 214 and RM 241. The usual range is RM 198.00 to RM 256.00, showing that most units are priced quite close to each other. With an IQR of RM 58.00 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN NURI, Alor Gajah, Melaka

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