ADMIRAL RESIDENCES

ADMIRAL RESIDENCES in Melaka Tengah, Melaka recorded 13 subsale transactions in 2024, with a median price of RM 408K and a median price per square foot (PSF) of RM 374.

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 408K, with most transactions falling within a stable range of RM 363K to RM 453K, and a typical market range of RM 376K to RM 441K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 374, with most transactions between RM 339 and RM 409. The usual range is RM 351.50 to RM 396.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 45.00 and an average deviation (MAD) of RM 35 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.