SILVERSCAPE @ HATTEN CITY in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 292K and a median price per square foot (PSF) of RM 567.
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 292K, with most transactions falling within a stable range of RM 187K to RM 397K, and a typical market range of RM 193K to RM 392K.
Most transactions involved service apartment, with minimal variety in property types.
The median PSF stands at RM 567, with core pricing between RM 472 and RM 662. Market pricing typically extends from RM 456.25 to RM 676.75, reflecting moderate variation in unit pricing. The spread of RM 220.50 (IQR) and deviation of RM 95 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
