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 334K to RM 476K, and a typical market range of RM 330K to RM 480K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.
The median PSF stands at RM 169, with core pricing between RM 135 and RM 202. Market pricing typically extends from RM 128.38 to RM 208.63, reflecting moderate variation in unit pricing. The spread of RM 80.25 (IQR) and deviation of RM 33 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
