ONG KIM WEE RESIDENCE

ONG KIM WEE RESIDENCE in Melaka Tengah, Melaka recorded 3 subsale transactions in 2021, with a median price of RM 501K and a median price per square foot (PSF) of RM 452.

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 501K, with most transactions falling within a stable range of RM 451K to RM 526K, and a typical market range of RM 444K to RM 526K.

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

For price per square foot, the median is RM 452, with most transactions between RM 445 and RM 459. The usual range is RM 443.00 to RM 461.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 18.00 and an average deviation (MAD) of RM 7 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.