Melaka
Melaka Tengah
Bdr Melaka
NOVO 8 RESIDENCE

NOVO 8 RESIDENCE

Area Intelligence

2022

Median Price

RM 559,000

PSF: RM 491

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Residential PSF Trends

Median Price

RM 559,000

PSF: RM 491

NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 13 subsale transactions in 2022, with a median price of RM 559K 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.

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 491 and RM 491. 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 0 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. Limited transaction history suggests carefully evaluating comparable sales data.

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NOVO 8 RESIDENCE, Melaka Tengah, Melaka

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