TAMAN KOTA LAKSAMANA SEC.2 in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 750K and a median price per square foot (PSF) of RM 293.
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 750K, with most transactions falling within a stable range of RM 565K to RM 935K, and a typical market range of RM 575K to RM 925K.
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 293, though individual units vary from RM 226 to RM 361 in the core range. The broader market spans RM 231.13 to RM 354.88, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
