KENANGA RESIDENSES

KENANGA RESIDENSES in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 288K and a median price per square foot (PSF) of RM 323.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 288K, with most transactions falling within a stable range of RM 240K to RM 335K, and a typical market range of RM 248K to RM 328K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 323, with core pricing between RM 272 and RM 374. Market pricing typically extends from RM 279.50 to RM 365.50, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 51 (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.