Melaka
Melaka Tengah
Balai Panjang
TAMAN BALAI PANJANG MURNI

TAMAN BALAI PANJANG MURNI

Area Intelligence

2023

Median Price

RM 373,500

PSF: RM 109

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Residential PSF Trends

Median Price

RM 373,500

PSF: RM 109

TAMAN BALAI PANJANG MURNI in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, sized between 3,000 and 5,000 sqft, with a median price of RM 374K and a median price per square foot (PSF) of RM 109.

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 374K, with most transactions falling within a stable range of RM 367K to RM 380K, and a typical market range of RM 367K to RM 380K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 109, with most transactions between RM 104 and RM 114. The usual range is RM 91.68 to RM 127.18, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.50 and an average deviation (MAD) of RM 5 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BALAI PANJANG MURNI, Melaka Tengah, Melaka

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