| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Tun Perak
|
RM 355,000
|
RM 285
|
1,247 sqft
|
|
|
Jalan Kenanga 1/23
|
RM 550,000
|
RM 334
|
1,647 sqft
|
|
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Market Snapshot
ResidentialRM 452,500
RM 309 psfMedian transaction price
Taman Kenanga, Melaka, Malaysia
MapsTaman Kenanga in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 453K and a median price per square foot (PSF) of RM 309.
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 453K, with most transactions falling within a stable range of RM 355K to RM 550K, and a typical market range of RM 355K to RM 550K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 309, with most transactions between RM 285 and RM 334. The usual range is RM 245.84 to RM 372.84, showing that most units are priced quite close to each other. With an IQR of RM 127.00 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.
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.