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Market Snapshot
ResidentialRM 200,000
RM 190 psfMedian transaction price
Jln Muhibbah 8, Taman Muhibbah, 75200 Melaka, Malaysia
MapsPangsapuri Orkid Mewah Fasa 2 in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 200K and a median price per square foot (PSF) of RM 190.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 190, with most transactions between RM 180 and RM 200. The usual range is RM 177.34 to RM 202.84, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 25.50 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.