TAMAN NIRWANA

Area Intelligence

2023

Median Price

RM 270,000

PSF: RM 189

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Residential PSF Trends

Median Price

RM 270,000

PSF: RM 189

TAMAN NIRWANA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 270K and a median price per square foot (PSF) of RM 189.

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 270K, with most transactions falling within a stable range of RM 265K to RM 347K, and a typical market range of RM 265K to RM 298K.

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

Price per square foot shows a median of RM 189, though individual units vary from RM 135 to RM 243 in the core range. The broader market spans RM 166.63 to RM 211.38, indicating diverse property characteristics. A wider spread (IQR: RM 44.75) and deviation (MAD: RM 54) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN NIRWANA, Melaka Tengah, Melaka

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