TAMAN ASEAN

Area Intelligence

2023

Median Price

RM 658,500

PSF: RM 173

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Residential PSF Trends

Median Price

RM 517,000

PSF: RM 143

TAMAN ASEAN in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, priced between RM 500K and RM 1.00 million, with a median price of RM 659K and a median price per square foot (PSF) of RM 173.

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 659K, with most transactions falling within a stable range of RM 517K to RM 800K, and a typical market range of RM 574K to RM 744K.

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

The median PSF stands at RM 173, with core pricing between RM 143 and RM 204. Market pricing typically extends from RM 127.29 to RM 219.29, reflecting moderate variation in unit pricing. The spread of RM 92.00 (IQR) and deviation of RM 30 (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.

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TAMAN ASEAN, Melaka Tengah, Melaka

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