ONG KIM WEE RESIDENCE

ONG KIM WEE RESIDENCE in Melaka Tengah, Melaka recorded 8 subsale transactions in 2023, with a median price of RM 467K and a median price per square foot (PSF) of RM 467.

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 467K, with most transactions falling within a stable range of RM 411K to RM 522K, and a typical market range of RM 409K to RM 524K.

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

For price per square foot, the median is RM 467, with most transactions between RM 435 and RM 499. The usual range is RM 458.38 to RM 475.63, 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 32 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. Limited transaction history suggests carefully evaluating comparable sales data.