NOVO 8 RESIDENCE

NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 8 subsale transactions between 2021 and 2025, priced between RM 300K and RM 750K and up to 1,000 sqft, with a median price of RM 436K 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 436K, with most transactions falling within a stable range of RM 425K to RM 472K, and a typical market range of RM 425K to RM 497K.

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

Price per square foot shows a median of RM 491, though individual units vary from RM 308 to RM 673 in the core range. The broader market spans RM 488.29 to RM 493.29, indicating diverse property characteristics. A wider spread (IQR: RM 5.00) and deviation (MAD: RM 183) 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.