TAMAN MACHAP BESTARI in Alor Gajah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 205K and a median price per square foot (PSF) of RM 158.
This area contains both residential and commercial properties. View 6 residential properties or 3 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 205K, with most transactions falling within a stable range of RM 155K to RM 255K, and a typical market range of RM 150K to RM 260K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 158, with core pricing between RM 128 and RM 188. Market pricing typically extends from RM 127.50 to RM 188.50, reflecting moderate variation in unit pricing. The spread of RM 61.00 (IQR) and deviation of RM 30 (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.
