Melaka
Melaka Tengah
Bdr Melaka
KENANGA RESIDENSES

KENANGA RESIDENSES

Area Intelligence

2023

Median Price

RM 287,500

PSF: RM 323

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Residential PSF Trends

Median Price

RM 287,500

PSF: RM 323

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 260K to RM 315K, and a typical market range of RM 260K to RM 315K.

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

For price per square foot, the median is RM 323, with most transactions between RM 304 and RM 341. The usual range is RM 279.50 to RM 365.50, showing that most units are priced quite close to each other. With an IQR of RM 86.00 and MAD of RM 19, 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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KENANGA RESIDENSES, Melaka Tengah, Melaka

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