TAMAN NURI in Alor Gajah, Melaka recorded 40 subsale transactions in 2022, with a median price of RM 704K and a median price per square foot (PSF) of RM 200.
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 704K, with most transactions falling within a stable range of RM 508K to RM 900K, and a typical market range of RM 551K to RM 858K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.
The median PSF stands at RM 200, with core pricing between RM 173 and RM 227. Market pricing typically extends from RM 171.00 to RM 229.00, 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.
