Melaka
Melaka Tengah
Bdr Melaka
NOVO 8 RESIDENCE

NOVO 8 RESIDENCE

Area Intelligence

2023

Median Price

RM 356,000

PSF: RM 474

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Residential PSF Trends

Median Price

RM 356,000

PSF: RM 474

NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 356K and a median price per square foot (PSF) of RM 474.

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 356K, with most transactions falling within a stable range of RM 287K to RM 425K, and a typical market range of RM 295K to RM 417K.

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

For price per square foot, the median is RM 474, with most transactions between RM 460 and RM 487. The usual range is RM 471.00 to RM 476.00, 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 14 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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NOVO 8 RESIDENCE, Melaka Tengah, Melaka

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