Melaka
Alor Gajah
Durian Tunggal
TAMAN SERI BAYAN

TAMAN SERI BAYAN

Area Intelligence

2022

Median Price

RM 132,500

PSF: RM 190

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Residential PSF Trends

Median Price

RM 132,500

PSF: RM 190

TAMAN SERI BAYAN in Alor Gajah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 133K and a median price per square foot (PSF) of RM 190.

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 133K, with most transactions falling within a stable range of RM 125K to RM 140K, and a typical market range of RM 125K to RM 140K.

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

For price per square foot, the median is RM 190, with most transactions between RM 184 and RM 196. The usual range is RM 169.88 to RM 210.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.25 and an average deviation (MAD) of RM 6 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI BAYAN, Alor Gajah, Melaka

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