Melaka
Melaka Tengah
Bdr Melaka
TAMAN KENANGA SEK. 1

TAMAN KENANGA SEK. 1

Area Intelligence

2024

Median Price

RM 688,000

PSF: RM 432

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Residential PSF Trends

Median Price

RM 688,000

PSF: RM 432

TAMAN KENANGA SEK. 1 in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 688K and a median price per square foot (PSF) of RM 432.

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 688K, with most transactions falling within a stable range of RM 550K to RM 698K, and a typical market range of RM 528K to RM 698K.

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

The median PSF stands at RM 432, with core pricing between RM 347 and RM 517. Market pricing typically extends from RM 360.50 to RM 503.50, reflecting moderate variation in unit pricing. The spread of RM 143.00 (IQR) and deviation of RM 85 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN KENANGA SEK. 1, Melaka Tengah, Melaka

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