KPG BARU TUN RAZAK in Melaka Tengah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 475K and a median price per square foot (PSF) of RM 96.
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 475K, with most transactions falling within a stable range of RM 365K to RM 585K, and a typical market range of RM 388K to RM 563K.
Most transactions involved detached, with minimal variety in property types.
Price per square foot shows a median of RM 96, though individual units vary from RM 70 to RM 122 in the core range. The broader market spans RM 77.25 to RM 114.75, indicating diverse property characteristics. A wider spread (IQR: RM 37.50) and deviation (MAD: RM 26) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
