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Market Snapshot
RM 590,000
RM 315 psfMedian transaction price
RM 840,000
RM 545 psfMedian transaction price
Jalan Ong Kim Wee, Melaka, Malaysia
MapsJalan Ong Kim Wee in Melaka Tengah, Melaka recorded 0 subsale transactions in 2021, with a median price of RM 600K and a median price per square foot (PSF) of RM 320.
This area contains both residential and commercial properties. View 17 residential properties or 4 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 600K, with most transactions falling within a stable range of RM 520K to RM 680K, and a typical market range of RM 516K to RM 684K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.
The median PSF stands at RM 320, with core pricing between RM 261 and RM 379. Market pricing typically extends from RM 263.38 to RM 376.63, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 59 (MAD) suggest moderate price variations reflecting different property features.
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.