TAMAN NAM YANG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 430K and a median price per square foot (PSF) of RM 263.
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 430K, with most transactions falling within a stable range of RM 350K to RM 510K, and a typical market range of RM 358K to RM 503K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
For price per square foot, the median is RM 263, with most transactions between RM 237 and RM 289. The usual range is RM 242.50 to RM 282.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.00 and an average deviation (MAD) of RM 26 indicate a highly stable PSF trend across properties.
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.
