TAMAN ASEAN

Area Intelligence

2024

Median Price

RM 360,000

PSF: RM 214

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Residential PSF Trends

Median Price

RM 360,000

PSF: RM 230

Commercial PSF Trends

Median Price

RM 512,500

RM 301 PSF

TAMAN ASEAN in Melaka Tengah, Melaka recorded 16 subsale transactions in 2024, with a median price of RM 360K and a median price per square foot (PSF) of RM 214.

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 360K, with most transactions falling within a stable range of RM 290K to RM 300K, and a typical market range of RM 275K to RM 300K.

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 214, with most transactions between RM 194 and RM 233. The usual range is RM 167.72 to RM 259.72, showing that most units are priced quite close to each other. With an IQR of RM 92.00 and MAD of RM 20, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN ASEAN, Melaka Tengah, Melaka

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