THE STRAITS RESIDENCE

THE STRAITS RESIDENCE in Melaka Tengah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 600K and a median price per square foot (PSF) of RM 832.

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 600K, with most transactions falling within a stable range of RM 565K to RM 635K, and a typical market range of RM 575K to RM 625K.

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

For price per square foot, the median is RM 832, with most transactions between RM 783 and RM 881. The usual range is RM 797.25 to RM 866.75, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 49, 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.