CASA DEL RIO RESIDENCES

CASA DEL RIO RESIDENCES in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, priced between RM 1.00 million and RM 2.00 million, with a median price of RM 1.34 million and a median price per square foot (PSF) of RM 943.

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 1.34 million, with most transactions falling within a stable range of RM 1.28 million to RM 1.40 million, and a typical market range of RM 1.28 million to RM 1.40 million.

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

For price per square foot, the median is RM 943, with most transactions between RM 900 and RM 985. The usual range is RM 774.25 to RM 1,111.25, showing that most units are priced quite close to each other. With an IQR of RM 337.00 and MAD of RM 43, 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.