TAMAN SCIENTEX in Alor Gajah, Melaka recorded 21 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 214.
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 290K, with most transactions falling within a stable range of RM 208K to RM 372K, and a typical market range of RM 230K to RM 350K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
Price per square foot shows a median of RM 214, though individual units vary from RM 163 to RM 265 in the core range. The broader market spans RM 191.25 to RM 236.75, indicating diverse property characteristics. The spread of RM 45.50 (IQR) and deviation of RM 51 (MAD) suggest moderate price variations reflecting different property features.
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.
