TAMAN NURI in Alor Gajah, Melaka recorded 38 subsale transactions in 2023, with a median price of RM 561K and a median price per square foot (PSF) of RM 221.
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 561K, with most transactions falling within a stable range of RM 365K to RM 757K, and a typical market range of RM 408K to RM 715K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.
The median PSF stands at RM 221, with core pricing between RM 194 and RM 248. Market pricing typically extends from RM 192.00 to RM 250.00, reflecting moderate variation in unit pricing. With an IQR of RM 58.00 and MAD of RM 27, 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. Moderate transaction volume may require patience when buying or selling.
