JALAN ONG KIM WEE in Melaka Tengah, Melaka recorded 5 subsale transactions in 2022, with a median price of RM 530K and a median price per square foot (PSF) of RM 334.
This area contains both residential and commercial properties. View 16 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 530K, with most transactions falling within a stable range of RM 450K to RM 610K, and a typical market range of RM 451K to RM 609K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 334, with core pricing between RM 274 and RM 394. Market pricing typically extends from RM 273.25 to RM 394.75, reflecting moderate variation in unit pricing. The spread of RM 121.50 (IQR) and deviation of RM 60 (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.
