TAMAN ALAI PERDANA (CRISTAL BAY) in Melaka Tengah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 330K and a median price per square foot (PSF) of RM 186.
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 330K, with most transactions falling within a stable range of RM 205K to RM 455K, and a typical market range of RM 191K to RM 469K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.
The median PSF stands at RM 186, with core pricing between RM 149 and RM 223. Market pricing typically extends from RM 145.88 to RM 226.13, reflecting moderate variation in unit pricing. The spread of RM 80.25 (IQR) and deviation of RM 37 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
