TAMAN NAM YANG in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 590K and a median price per square foot (PSF) of RM 281.
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 590K, with most transactions falling within a stable range of RM 510K to RM 670K, and a typical market range of RM 518K to RM 663K.
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 281, with most transactions between RM 255 and RM 307. The usual range is RM 261.00 to RM 301.00, 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.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
