|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 8
|
RM 238,000
|
RM 499
|
477 sqft
|
|
Serviced Apt |
|
Level 9
|
RM 260,000
|
RM 545
|
477 sqft
|
|
Serviced Apt |
|
Level 13
|
RM 245,000
|
RM 514
|
477 sqft
|
|
Serviced Apt |
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Malacca, Malaysia
MapsBali Residency Kota Syahbandar in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2026, sized between 475 and 524 sqft, with a median price of RM 245K and a median price per square foot (PSF) of RM 514.
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 245K, with most transactions falling within a stable range of RM 238K to RM 254K, and a typical market range of RM 238K to RM 260K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM 514, with most transactions between RM 495 and RM 533. The usual range is RM 425.30 to RM 602.30, showing that most units are priced quite close to each other. With an IQR of RM 177.00 and MAD of RM 19, 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. Limited transaction history suggests carefully evaluating comparable sales data.