NOVO 8 RESIDENCE

NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 20 subsale transactions between 2021 and 2025, with a median price of RM 558K 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 558K, with most transactions falling within a stable range of RM 486K to RM 630K, and a typical market range of RM 497K to RM 619K.

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.