TAMAN MGBM in Melaka Tengah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 480K and a median price per square foot (PSF) of RM 303.
This area contains both residential and commercial properties. View 2 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 480K, with most transactions falling within a stable range of RM 417K to RM 544K, and a typical market range of RM 421K to RM 539K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 303, with core pricing between RM 252 and RM 355. Market pricing typically extends from RM 243.00 to RM 363.00, reflecting moderate variation in unit pricing. The spread of RM 120.00 (IQR) and deviation of RM 52 (MAD) suggest moderate price variations reflecting different property features.
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. Limited transaction history suggests carefully evaluating comparable sales data.
