TAMAN GADEK PERDANA(SERI MANGGIS) in Alor Gajah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 84K and a median price per square foot (PSF) of RM 77.
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 84K, with most transactions falling within a stable range of RM 57K to RM 111K, and a typical market range of RM 54K to RM 114K.
Most transactions involved low-cost house, though some variety exists in the market.
Price per square foot shows a median of RM 77, though individual units vary from RM 46 to RM 108 in the core range. The broader market spans RM 48.50 to RM 104.50, indicating diverse property characteristics. A wider spread (IQR: RM 56.00) and deviation (MAD: RM 31) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
