JALAN ONG KIM WEE in Melaka Tengah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 650K and a median price per square foot (PSF) of RM 377.
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 650K, with most transactions falling within a stable range of RM 570K to RM 730K, and a typical market range of RM 571K to RM 729K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 377, with core pricing between RM 317 and RM 437. Market pricing typically extends from RM 316.25 to RM 437.75, 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.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
