Melaka
Melaka Tengah
Bkt Baru
TAMAN DESA BARU

TAMAN DESA BARU

Area Intelligence

2024

Median Price

RM 210,000

PSF: RM 148

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Residential PSF Trends

Median Price

RM 210,000

PSF: RM 148

TAMAN DESA BARU in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, priced up to RM 300K, with a median price of RM 210K and a median price per square foot (PSF) of RM 148.

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 210K, with most transactions falling within a stable range of RM 155K to RM 265K, and a typical market range of RM 155K to RM 265K.

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

The median PSF stands at RM 148, with core pricing between RM 130 and RM 166. Market pricing typically extends from RM 88.54 to RM 207.54, reflecting moderate variation in unit pricing. 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN DESA BARU, Melaka Tengah, Melaka

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