GARDEN CITY

GARDEN CITY in Melaka Tengah, Melaka recorded 11 subsale transactions in 2022, with a median price of RM 180K and a median price per square foot (PSF) of RM 232.

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 180K, with most transactions falling within a stable range of RM 124K to RM 236K, and a typical market range of RM 140K to RM 220K.

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

The median PSF stands at RM 232, with core pricing between RM 200 and RM 264. Market pricing typically extends from RM 198.50 to RM 265.50, reflecting moderate variation in unit pricing. With an IQR of RM 67.00 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. Limited transaction history suggests carefully evaluating comparable sales data.