TAMAN KENANGA SEK. 1

Area Intelligence
2023
Median Price
RM 358,000
PSF: RM 234

Residential PSF Trends

Median Price

RM 358,000

PSF: RM 234

TAMAN KENANGA SEK. 1 in Melaka Tengah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 358K and a median price per square foot (PSF) of RM 234.

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 358K, with most transactions falling within a stable range of RM 358K to RM 460K, and a typical market range of RM 358K to RM 518K.

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

Price per square foot shows a median of RM 234, though individual units vary from RM 184 to RM 284 in the core range. The broader market spans RM 162.50 to RM 305.50, indicating diverse property characteristics. The spread of RM 143.00 (IQR) and deviation of RM 50 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN KENANGA SEK. 1, Melaka Tengah, Melaka

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Transactions

4 transactions grouped by size

1,200 sqft
Low-Cost House
RM 358,000
JALAN KENANGA 1/6
1,214 sqft · RM 295 PSF
1,550 sqft
Double Storey Terraced
RM 500,000
JALAN KENANGA 2/15
1,539 sqft · RM 325 PSF
RM 360,000
JALAN KENANGA 1/14
1,539 sqft · RM 234 PSF
1,600 sqft
Double Storey Terraced
RM 600,000
JALAN KENANGA 2/12
1,615 sqft · RM 372 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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