TAMAN KOTA LAKSAMANA SEC.2 in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 433K and a median price per square foot (PSF) of RM 288.
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 433K, with most transactions falling within a stable range of RM 248K to RM 618K, and a typical market range of RM 257K to RM 608K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 288, though individual units vary from RM 221 to RM 356 in the core range. The broader market spans RM 226.13 to RM 349.88, indicating diverse property characteristics. The spread of RM 123.75 (IQR) and deviation of RM 68 (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.
