TAMAN SCIENTEX in Alor Gajah, Melaka recorded 61 subsale transactions in 2022, with a median price of RM 265K and a median price per square foot (PSF) of RM 209.
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 265K, with most transactions falling within a stable range of RM 196K to RM 334K, and a typical market range of RM 205K to RM 325K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 209, with most transactions between RM 190 and RM 228. The usual range is RM 186.25 to RM 231.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 45.50 and an average deviation (MAD) of RM 19 indicate a highly stable PSF trend across properties.
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.
