TAMAN BERENDAM

TAMAN BERENDAM in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 205.

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 500K, with most transactions falling within a stable range of RM 354K to RM 646K, and a typical market range of RM 465K to RM 535K.

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

The median PSF stands at RM 205, with core pricing between RM 169 and RM 241. Market pricing typically extends from RM 168.00 to RM 242.00, reflecting moderate variation in unit pricing. The spread of RM 74.00 (IQR) and deviation of RM 36 (MAD) suggest moderate price variations reflecting different property features.

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.