THE HEIGHTS RESIDENCE

THE HEIGHTS RESIDENCE in Melaka Tengah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 298K and a median price per square foot (PSF) of RM 360.

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 298K, with most transactions falling within a stable range of RM 265K to RM 330K, and a typical market range of RM 262K to RM 334K.

Most transactions involved service apartment, with minimal variety in property types.

The median PSF stands at RM 360, with core pricing between RM 317 and RM 404. Market pricing typically extends from RM 322.75 to RM 397.25, reflecting moderate variation in unit pricing. With an IQR of RM 74.50 and MAD of RM 44, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.