TAMAN BANDAR BARU MASJID TANAH in Alor Gajah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 238K and a median price per square foot (PSF) of RM 162.
This area contains both residential and commercial properties. View 16 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 238K, with most transactions falling within a stable range of RM 193K to RM 283K, and a typical market range of RM 205K to RM 270K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 162, with core pricing between RM 137 and RM 187. Market pricing typically extends from RM 129.33 to RM 195.33, reflecting moderate variation in unit pricing. The spread of RM 66.00 (IQR) and deviation of RM 25 (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.
