TAMAN ALAI PERDANA (CRISTAL BAY) in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 405K and a median price per square foot (PSF) of RM 169.
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 405K, with most transactions falling within a stable range of RM 280K to RM 530K, and a typical market range of RM 266K to RM 544K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.
Price per square foot shows a median of RM 169, though individual units vary from RM 132 to RM 206 in the core range. The broader market spans RM 128.38 to RM 208.63, indicating diverse property characteristics. 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.
