TAMAN BKT SERINDIT in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 320K and a median price per square foot (PSF) of RM 246.
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 320K, with most transactions falling within a stable range of RM 262K to RM 379K, and a typical market range of RM 246K to RM 394K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 246, with core pricing between RM 208 and RM 284. Market pricing typically extends from RM 210.75 to RM 281.25, reflecting moderate variation in unit pricing. The spread of RM 70.50 (IQR) and deviation of RM 38 (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.
