TAMAN KENANGA

TAMAN KENANGA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 550K and a median price per square foot (PSF) of RM 208.

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 550K, with most transactions falling within a stable range of RM 320K to RM 923K, and a typical market range of RM 421K to RM 679K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 208, though individual units vary from RM 125 to RM 291 in the core range. The broader market spans RM 139.38 to RM 276.63, indicating diverse property characteristics. A wider spread (IQR: RM 137.25) and deviation (MAD: RM 83) indicate significant PSF variations, likely due to diverse property types or conditions.

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.