Melaka
Melaka Tengah
Bkt Rambai
TAMAN CENDERAWASIH

TAMAN CENDERAWASIH

Area Intelligence

2023

Median Price

RM 255,000

PSF: RM 242

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Residential PSF Trends

Median Price

RM 255,000

PSF: RM 242

TAMAN CENDERAWASIH in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 255K and a median price per square foot (PSF) of RM 242.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 242, with most transactions between RM 242 and RM 242. The usual range is RM 223.75 to RM 260.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.50 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.

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 CENDERAWASIH, Melaka Tengah, Melaka

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