| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Sm 2
|
RM 78,000
|
RM 71
|
1,098 sqft
|
|
|
|
Jalan Sm 2
|
RM 90,000
|
RM 82
|
1,098 sqft
|
|
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Market Snapshot
ResidentialRM 84,000
RM 77 psfMedian transaction price
78000 Malacca, Malaysia
MapsTaman 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 78K to RM 90K, and a typical market range of RM 78K to RM 90K.
Most transactions involved low-cost house, though some variety exists in the market.
For price per square foot, the median is RM 77, with most transactions between RM 71 and RM 82. The usual range is RM 48.51 to RM 104.51, showing that most units are priced quite close to each other. With an IQR of RM 56.00 and MAD of RM 5, the PSF demonstrates reasonable consistency across the market.
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.