TAMAN ALAI PERDANA (CRISTAL BAY) in Melaka Tengah, Melaka recorded 11 subsale transactions in 2024, with a median price of RM 330K and a median price per square foot (PSF) of RM 135.
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 620K to RM 360K, and a typical market range of RM 620K to RM 469K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.
For price per square foot, the median is RM 135, with most transactions between RM 130 and RM 141. The usual range is RM 94.88 to RM 175.13, showing that most units are priced quite close to each other. With an IQR of RM 80.25 and MAD of RM 6, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
