ONG KIM WEE RESIDENCE Property Investment Analysis

ONG KIM WEE RESIDENCE in Melaka Tengah, Melaka recorded 24 subsale transactions between 2021 and 2025, with a median price of RM 499K and a median price per square foot (PSF) of RM 461.

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 499K, with most transactions falling within a stable range of RM 458K to RM 541K, and a typical market range of RM 441K to RM 557K.

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

For price per square foot, the median is RM 461, with most transactions between RM 452 and RM 470. The usual range is RM 451.88 to RM 469.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 17.25 and an average deviation (MAD) of RM 9 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.