Melaka
Melaka Tengah
Bkt Baru
TAMAN DESA BARU

TAMAN DESA BARU

Area Intelligence

2024

Median Price

RM 337,500

PSF: RM 216

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Residential PSF Trends

Median Price

RM 337,500

PSF: RM 216

TAMAN DESA BARU in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM 338K and a median price per square foot (PSF) of RM 216.

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 338K, with most transactions falling within a stable range of RM 283K to RM 265K, and a typical market range of RM 245K to RM 265K.

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 216, with most transactions between RM 198 and RM 234. The usual range is RM 156.50 to RM 275.50, showing that most units are priced quite close to each other. With an IQR of RM 119.00 and MAD of RM 18, 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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