Melaka
Melaka Tengah
Bdr Melaka
JALAN ONG KIM WEE

JALAN ONG KIM WEE

Area Intelligence

2022

Median Price

RM 602,500

PSF: RM 272

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Residential PSF Trends

Median Price

RM 602,500

PSF: RM 272

Commercial PSF Trends

Median Price

RM 840,000

RM 545 PSF

JALAN ONG KIM WEE in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 603K and a median price per square foot (PSF) of RM 272.

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 603K, with most transactions falling within a stable range of RM 525K to RM 680K, and a typical market range of RM 525K to RM 680K.

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

Price per square foot shows a median of RM 272, though individual units vary from RM 209 to RM 334 in the core range. The broader market spans RM 210.75 to RM 332.25, indicating diverse property characteristics. The spread of RM 121.50 (IQR) and deviation of RM 63 (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.

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JALAN ONG KIM WEE, Melaka Tengah, Melaka

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