ONG KIM WEE RESIDENCE

ONG KIM WEE RESIDENCE in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 418K and a median price per square foot (PSF) of RM 470.

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 418K, with most transactions falling within a stable range of RM 371K to RM 465K, and a typical market range of RM 360K to RM 476K.

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

For price per square foot, the median is RM 470, with most transactions between RM 461 and RM 480. The usual range is RM 461.13 to RM 478.88, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 17.75 and an average deviation (MAD) of RM 10 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.