TAMAN ASEAN

Area Intelligence

2024

Median Price

RM 151,500

PSF: RM 172

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Residential PSF Trends

Median Price

RM 151,500

PSF: RM 172

Commercial PSF Trends

Median Price

RM 715,000

RM 407 PSF

TAMAN ASEAN in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 152K and a median price per square foot (PSF) of RM 172.

This area contains both residential and commercial properties. View 39 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 152K, with most transactions falling within a stable range of RM 143K to RM 160K, and a typical market range of RM 143K to RM 160K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 172, with most transactions between RM 162 and RM 181. The usual range is RM 125.50 to RM 217.50, showing that most units are priced quite close to each other. With an IQR of RM 92.00 and MAD of RM 10, 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.

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TAMAN ASEAN, Melaka Tengah, Melaka

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