Melaka
Melaka Tengah
Bdr Melaka
JALAN ONG KIM WEE

JALAN ONG KIM WEE

Area Intelligence

2023

Median Price

RM 650,000

PSF: RM 332

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Residential PSF Trends

Median Price

RM 530,000

PSF: RM 336

Commercial PSF Trends

Median Price

RM 840,000

RM 522 PSF

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 332.

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 780K to RM 710K, and a typical market range of RM 780K to RM 729K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 332, with most transactions between RM 325 and RM 340. The usual range is RM 271.66 to RM 393.16, showing that most units are priced quite close to each other. With an IQR of RM 121.50 and MAD of RM 8, the PSF demonstrates reasonable consistency across the market.

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.

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JALAN ONG KIM WEE, Melaka Tengah, Melaka

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