THE STRAITS RESIDENCE

THE STRAITS RESIDENCE in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 550K and a median price per square foot (PSF) of RM 763.

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 550K, with most transactions falling within a stable range of RM 500K to RM 600K, and a typical market range of RM 525K to RM 575K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 763, with most transactions between RM 693 and RM 832. The usual range is RM 727.75 to RM 797.25, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 70, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.