TAMAN ARA PERMAI in Melaka Tengah, Melaka recorded 9 subsale transactions in 2023, with a median price of RM 355K and a median price per square foot (PSF) of RM 196.
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 355K, with most transactions falling within a stable range of RM 175K to RM 535K, and a typical market range of RM 142K to RM 568K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 196, with core pricing between RM 169 and RM 223. Market pricing typically extends from RM 159.75 to RM 232.25, reflecting moderate variation in unit pricing. 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
