TAMAN HILIR

TAMAN HILIR in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 304.

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 450K, with most transactions falling within a stable range of RM 385K to RM 515K, and a typical market range of RM 386K to RM 514K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 304, with most transactions between RM 274 and RM 334. The usual range is RM 271.38 to RM 335.63, showing that most units are priced quite close to each other. With an IQR of RM 64.25 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.

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.