TMN CEMPAKA

TMN CEMPAKA in Alor Gajah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 482K and a median price per square foot (PSF) of RM 131.

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 482K, with most transactions falling within a stable range of RM 389K to RM 506K, and a typical market range of RM 355K to RM 506K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 131, with core pricing between RM 105 and RM 157. Market pricing typically extends from RM 112.00 to RM 150.00, reflecting moderate variation in unit pricing. The spread of RM 38.00 (IQR) and deviation of RM 26 (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. Limited transaction history suggests carefully evaluating comparable sales data.