NOVO 8 RESIDENCE Property Investment Analysis
NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 29 subsale transactions between 2021 and 2025, with a median price of RM 553K and a median price per square foot (PSF) of RM 491.
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 553K, with most transactions falling within a stable range of RM 481K to RM 625K, and a typical market range of RM 492K to RM 614K.
Most transactions involved service apartment, with minimal variety in property types.
For price per square foot, the median is RM 491, with most transactions between RM 488 and RM 494. The usual range is RM 488.50 to RM 493.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 5.00 and an average deviation (MAD) of RM 3 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.
ADVANCED FILTERS
TRANSACTIONS
|
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
|---|---|---|---|---|---|
| Service Apartment |
|
RM 539,000
|
RM 1,043.00
|
517 sqft
|
Oct 2024
|
| Service Apartment |
|
RM 441,000
|
RM 506.00
|
872 sqft
|
Sep 2024
|
| Service Apartment |
|
RM 450,000
|
RM 492.00
|
915 sqft
|
Jul 2024
|
| Service Apartment |
|
RM 555,000
|
RM 491.00
|
1,130 sqft
|
May 2024
|
| Service Apartment |
|
RM 425,000
|
RM 487.00
|
872 sqft
|
Nov 2023
|
| Service Apartment |
|
RM 287,000
|
RM 460.00
|
624 sqft
|
Sep 2023
|
| Service Apartment |
|
RM 500,000
|
RM 460.00
|
1,087 sqft
|
Mar 2023
|
| Service Apartment |
|
RM 499,000
|
RM 442.00
|
1,130 sqft
|
Dec 2022
|
| Service Apartment |
|
RM 644,000
|
RM 503.00
|
1,281 sqft
|
Nov 2022
|
| Service Apartment |
|
RM 631,000
|
RM 493.00
|
1,281 sqft
|
Nov 2022
|
| Service Apartment |
|
RM 625,000
|
RM 488.00
|
1,281 sqft
|
Nov 2022
|
| Service Apartment |
|
RM 554,000
|
RM 490.00
|
1,130 sqft
|
Nov 2022
|
| Service Apartment |
|
RM 553,000
|
RM 489.00
|
1,130 sqft
|
Nov 2022
|
| Service Apartment |
|
RM 552,000
|
RM 488.00
|
1,130 sqft
|
Nov 2022
|
| Service Apartment |
|
RM 639,000
|
RM 491.00
|
1,302 sqft
|
Jun 2022
|
| Service Apartment |
|
RM 555,000
|
RM 491.00
|
1,130 sqft
|
Jun 2022
|
| Service Apartment |
|
RM 561,000
|
RM 496.00
|
1,130 sqft
|
May 2022
|
| Service Apartment |
|
RM 559,000
|
RM 495.00
|
1,130 sqft
|
May 2022
|
| Service Apartment |
|
RM 557,000
|
RM 493.00
|
1,130 sqft
|
Apr 2022
|
| Service Apartment |
|
RM 572,000
|
RM 506.00
|
1,130 sqft
|
Mar 2022
|
| Service Apartment |
|
RM 626,000
|
RM 489.00
|
1,281 sqft
|
Dec 2021
|
| Service Apartment |
|
RM 425,000
|
RM 487.00
|
872 sqft
|
Aug 2021
|
| Service Apartment |
|
RM 630,000
|
RM 492.00
|
1,281 sqft
|
May 2021
|
| Service Apartment |
|
RM 531,000
|
RM 488.00
|
1,087 sqft
|
May 2021
|
| Service Apartment |
|
RM 442,000
|
RM 483.00
|
915 sqft
|
Mar 2021
|
| Service Apartment |
|
RM 431,000
|
RM 494.00
|
872 sqft
|
Feb 2021
|
| Service Apartment |
|
RM 427,000
|
RM 490.00
|
872 sqft
|
Jan 2021
|
| Service Apartment |
|
RM 632,000
|
RM 493.00
|
1,281 sqft
|
Jan 2021
|
| Service Apartment |
|
RM 532,000
|
RM 489.00
|
1,087 sqft
|
Jan 2021
|