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Market Snapshot
ResidentialRM 290,000
RM 203 psfMedian transaction price
Jalan Kuala Sungai Baru / Masjid Tanah, Taman Haji Abdullah Samad, 78300 Masjid Tanah, Melaka, Malaysia
MapsTaman Ujong Padang Lestari in Alor Gajah, Melaka recorded 0 subsale transactions in 2021, with a median price of RM 290K and a median price per square foot (PSF) of RM 203.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
For price per square foot, the median is RM 203, with most transactions between RM 203 and RM 203. The usual range is RM 168.50 to RM 237.50, showing that most units are priced quite close to each other. With an IQR of RM 69.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.
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.