Melaka
Alor Gajah
Sg Baru Ilir
TAMAN PAYA MENGKUANG

TAMAN PAYA MENGKUANG

Area Intelligence

2021

Median Price

RM 245,000

PSF: RM 139

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Residential PSF Trends

Median Price

RM 245,000

PSF: RM 139

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 200K to RM 290K, 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.

Price per square foot shows a median of RM 139, though individual units vary from RM 89 to RM 188 in the core range. The broader market spans RM 109.50 to RM 167.50, indicating diverse property characteristics. A wider spread (IQR: RM 58.00) and deviation (MAD: RM 50) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN PAYA MENGKUANG, Alor Gajah, Melaka

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