TAMAN MACHAP BARU in Alor Gajah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 397K and a median price per square foot (PSF) of RM 117.
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 397K, with most transactions falling within a stable range of RM 372K to RM 422K, and a typical market range of RM 366K to RM 428K.
Most transactions involved 1 - 1 1/2 storey semi-detached, though some variety exists in the market.
For price per square foot, the median is RM 117, with most transactions between RM 115 and RM 119. The usual range is RM 111.50 to RM 122.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 11.00 and an average deviation (MAD) of RM 2 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
