LIST

Melaka, Melaka Tengah, Bdr Melaka

NOVO 8 RESIDENCE

Area Intelligence
2024
Median Price
RM 450,000
PSF: RM 506
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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 506

NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 450K and a median price per square foot (PSF) of RM 506.

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 450K, with most transactions falling within a stable range of RM 441K to RM 494K, and a typical market range of RM 441K to RM 511K.

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

Price per square foot shows a median of RM 506, though individual units vary from RM 249 to RM 763 in the core range. The broader market spans RM 503.50 to RM 508.50, indicating diverse property characteristics. A wider spread (IQR: RM 5.00) and deviation (MAD: RM 257) indicate significant PSF variations, likely due to diverse property types or conditions.

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

OSM

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Transactions

3 transactions grouped by size

View Type

Grouped View Individual View

Property Type

All Types
Categories
Residential Commercial
Specific Types
Single Storey Semi-D Single Storey Shop Single Storey Terraced Double Storey Semi-D Double Storey Shop Double Storey Terraced 3-Storey Shop 4-Storey Shop 5-Storey Shop 6-Storey Shop Cluster House Condo/Apartment Bungalow Detached Factory Flat Industrial Unit Low-Cost Flat Low-Cost House Office Lot SOHO/SOFO/SOVO Semi-D Factory Service Apartment Shop/Retail Lot Terraced Factory Town House

Year

All Years 2025 2024 2023 2022 2021
Popular Ranges
Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+
Custom Range
Clear

Size Range (sqft)

Popular Ranges
Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft
Custom Range
Clear
500 sqft
Service Apartment
RM 539,000
Level 25
517 sqft · RM 1,043 PSF
850 sqft
Service Apartment
RM 441,000
Level 23
872 sqft · RM 506 PSF
900 sqft
Service Apartment
RM 450,000
Level 7
915 sqft · RM 492 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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