TAMAN SERI MANGGA SEK. 1

TAMAN SERI MANGGA SEK. 1 in Melaka Tengah, Melaka recorded 32 subsale transactions in 2022, with a median price of RM 344K and a median price per square foot (PSF) of RM 223.

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 344K, with most transactions falling within a stable range of RM 285K to RM 403K, and a typical market range of RM 296K to RM 392K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 223, with core pricing between RM 191 and RM 255. Market pricing typically extends from RM 191.88 to RM 254.13, reflecting moderate variation in unit pricing. With an IQR of RM 62.25 and MAD of RM 32, 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. Moderate transaction volume may require patience when buying or selling.