| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Kenanga 1/8
|
RM 265,000
|
RM 220
|
1,206 sqft
|
|
|
Lorong Kenanga 1/28
|
RM 280,000
|
RM 182
|
1,539 sqft
|
|
|
Jalan Kenanga 1/24
|
RM 430,000
|
RM 131
|
3,294 sqft
|
|
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Market Snapshot
ResidentialRM 280,000
RM 182 psfMedian transaction price
Taman Malim Jaya Seksyen 1, Taman Malim Jaya, Malacca, Malaysia
MapsTaman Kenanga Sek. 1 in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 280K and a median price per square foot (PSF) of RM 182.
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 280K, with most transactions falling within a stable range of RM 265K to RM 354K, and a typical market range of RM 265K to RM 425K.
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 182, though individual units vary from RM 145 to RM 218 in the core range. The broader market spans RM 114.16 to RM 249.66, indicating diverse property characteristics. The spread of RM 135.50 (IQR) and deviation of RM 37 (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.