TAMAN PANDAN JAYA SEK 1 (HAI CHOON DEV) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 340K and a median price per square foot (PSF) of RM 160.
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 340K, with most transactions falling within a stable range of RM 250K to RM 430K, and a typical market range of RM 256K to RM 424K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 160, though individual units vary from RM 124 to RM 197 in the core range. The broader market spans RM 126.13 to RM 193.88, indicating diverse property characteristics. The spread of RM 67.75 (IQR) and deviation of RM 37 (MAD) suggest moderate price variations reflecting different property features.
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.
