Melaka
Melaka Tengah
Bkt Baru
TAMAN DESA BARU

TAMAN DESA BARU

Area Intelligence

2023

Median Price

RM 260,000

PSF: RM 179

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Residential PSF Trends

Median Price

RM 260,000

PSF: RM 179

TAMAN DESA BARU in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 260K and a median price per square foot (PSF) of RM 179.

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 260K, with most transactions falling within a stable range of RM 220K to RM 300K, and a typical market range of RM 220K to RM 300K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 179, with most transactions between RM 173 and RM 184. The usual range is RM 119.00 to RM 238.00, showing that most units are priced quite close to each other. With an IQR of RM 119.00 and MAD of RM 6, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN DESA BARU, Melaka Tengah, Melaka

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