TAMAN PAYA MENGKUANG

TAMAN PAYA MENGKUANG in Alor Gajah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 245K and a median price per square foot (PSF) of RM 139.

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 245K, with most transactions falling within a stable range of RM 205K to RM 285K, and a typical market range of RM 206K to RM 284K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 139, with core pricing between RM 117 and RM 161. Market pricing typically extends from RM 109.50 to RM 167.50, reflecting moderate variation in unit pricing. The spread of RM 58.00 (IQR) and deviation of RM 22 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.