GARDEN CITY

GARDEN CITY in Melaka Tengah, Melaka recorded 5 subsale transactions in 2021, with a median price of RM 120K and a median price per square foot (PSF) of RM 204.

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 120K, with most transactions falling within a stable range of RM 110K to RM 203K, and a typical market range of RM 110K to RM 160K.

Most transactions involved condominium/apartment, though some variety exists in the market.

Price per square foot shows a median of RM 204, though individual units vary from RM 153 to RM 255 in the core range. The broader market spans RM 170.50 to RM 237.50, indicating diverse property characteristics. A wider spread (IQR: RM 67.00) and deviation (MAD: RM 51) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.