TAMAN HILIR

Area Intelligence

2024

Median Price

RM 489,000

PSF: RM 233

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Residential PSF Trends

Median Price

RM 489,000

PSF: RM 233

TAMAN HILIR in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 489K and a median price per square foot (PSF) of RM 233.

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 489K, with most transactions falling within a stable range of RM 485K to RM 493K, and a typical market range of RM 485K to RM 493K.

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

For price per square foot, the median is RM 233, with most transactions between RM 233 and RM 233. The usual range is RM 200.88 to RM 265.13, showing that most units are priced quite close to each other. With an IQR of RM 64.25 and MAD of RM 0, 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.

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TAMAN HILIR, Melaka Tengah, Melaka

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