Melaka
Melaka Tengah
Ayer Molek
TAMAN MOLEK RESIDEN

TAMAN MOLEK RESIDEN

Area Intelligence

2022

Median Price

RM 653,000

PSF: RM 297

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Residential PSF Trends

Median Price

RM 653,000

PSF: RM 297

Commercial PSF Trends

Median Price

RM 788,000

RM 469 PSF

TAMAN MOLEK RESIDEN in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, priced between RM 500K and RM 750K, with a median price of RM 653K and a median price per square foot (PSF) of RM 297.

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 653K, with most transactions falling within a stable range of RM 651K to RM 664K, and a typical market range of RM 651K to RM 676K.

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 297, with most transactions between RM 292 and RM 303. The usual range is RM 280.26 to RM 314.51, 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 5 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MOLEK RESIDEN, Melaka Tengah, Melaka

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