TAMAN ARA PERMAI in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 740K and a median price per square foot (PSF) of RM 321.
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 740K, with most transactions falling within a stable range of RM 560K to RM 920K, and a typical market range of RM 527K to RM 953K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 321, with most transactions between RM 294 and RM 348. The usual range is RM 284.25 to RM 356.75, showing that most units are priced quite close to each other. With an IQR of RM 72.50 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.
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.
