SILVERSCAPE @ HATTEN CITY

SILVERSCAPE @ HATTEN CITY in Melaka Tengah, Melaka recorded 6 subsale transactions in 2023, with a median price of RM 360K and a median price per square foot (PSF) of RM 556.

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 360K, with most transactions falling within a stable range of RM 255K to RM 465K, and a typical market range of RM 261K to RM 460K.

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

The median PSF stands at RM 556, with core pricing between RM 461 and RM 651. Market pricing typically extends from RM 445.25 to RM 665.75, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.