TAMAN TUN RAHAH FASA 1 in Melaka Tengah, Melaka recorded 4 subsale transactions in 2022, with a median price of RM 245K and a median price per square foot (PSF) of RM 159.
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 245K, with most transactions falling within a stable range of RM 195K to RM 295K, and a typical market range of RM 191K to RM 300K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
Price per square foot shows a median of RM 159, though individual units vary from RM 127 to RM 191 in the core range. The broader market spans RM 123.75 to RM 194.25, indicating diverse property characteristics. The spread of RM 70.50 (IQR) and deviation of RM 32 (MAD) suggest moderate price variations reflecting different property features.
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.
