TAMAN PENGKALAN MINYAK DAMAI Property Investment Analysis

TAMAN PENGKALAN MINYAK DAMAI in Melaka Tengah, Melaka recorded 23 subsale transactions between 2021 and 2025, with a median price of RM 338K and a median price per square foot (PSF) of RM 129.

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 338K, with most transactions falling within a stable range of RM 288K to RM 388K, and a typical market range of RM 298K to RM 379K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 129, though individual units vary from RM 95 to RM 163 in the core range. The broader market spans RM 101.75 to RM 156.25, indicating diverse property characteristics. A wider spread (IQR: RM 54.50) and deviation (MAD: RM 34) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Moderate transaction volume may require patience when buying or selling.