TAMAN MOLEK RESIDEN in Melaka Tengah, Melaka recorded 31 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 286.
This area contains both residential and commercial properties. View 93 residential properties or 13 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 420K, with most transactions falling within a stable range of RM 390K to RM 450K, and a typical market range of RM 376K to RM 464K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
For price per square foot, the median is RM 286, with most transactions between RM 265 and RM 307. The usual range is RM 268.88 to RM 303.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.25 and an average deviation (MAD) of RM 21 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.
