Melaka
Melaka Tengah
Bdr Melaka
ONG KIM WEE RESIDENCE

ONG KIM WEE RESIDENCE

Area Intelligence

2023

Median Price

RM 514,000

PSF: RM 464

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Residential PSF Trends

Median Price

RM 514,000

PSF: RM 464

ONG KIM WEE RESIDENCE in Melaka Tengah, Melaka recorded 5 subsale transactions in 2023, with a median price of RM 514K and a median price per square foot (PSF) of RM 464.

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 514K, with most transactions falling within a stable range of RM 471K to RM 536K, and a typical market range of RM 456K to RM 536K.

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

For price per square foot, the median is RM 464, with most transactions between RM 426 and RM 502. The usual range is RM 455.13 to RM 472.88, 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 38 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.

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ONG KIM WEE RESIDENCE, Melaka Tengah, Melaka

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Transactions

5 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

1,100 sqft

Service Apartment

1,100 sqft

Service Apartment

RM 514,000

Level 8

1,109 sqft · RM 464 PSF

Oct 2023

RM 536,000

Level 21

1,109 sqft · RM 483 PSF

Jul 2023

RM 526,000

Level 15

1,109 sqft · RM 474 PSF

May 2023

RM 513,000

Level 8

1,109 sqft · RM 463 PSF

Jan 2023

RM 418,000

Level 18

1,109 sqft · RM 377 PSF

Jan 2023

Level 8	RM 514,000	RM 464	1,109 sqft	Oct 2023
Level 21	RM 536,000	RM 483	1,109 sqft	Jul 2023
Level 15	RM 526,000	RM 474	1,109 sqft	May 2023
Level 8	RM 513,000	RM 463	1,109 sqft	Jan 2023
Level 18	RM 418,000	RM 377	1,109 sqft	Jan 2023