| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Kenanga 3/6
|
RM 800,000
|
RM 237
|
3,375 sqft
|
|
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Taman Kenanga, Melaka, Malaysia
MapsTaman Kenanga Sec.3 (Pec Lot 127) in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 500K and a median price per square foot (PSF) of RM 225.
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 500K, with most transactions falling within a stable range of RM 200K to RM 800K, and a typical market range of RM 350K to RM 650K.
Most transactions involved flats, with moderate diversity in property types available.
For price per square foot, the median is RM 225, with most transactions between RM 214 and RM 237. The usual range is RM 219.54 to RM 231.04, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 11.50 and an average deviation (MAD) of RM 12 indicate a highly stable PSF trend across properties.
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.