TAMAN MELAKA BARU

TAMAN MELAKA BARU in Melaka Tengah, Melaka recorded 15 subsale transactions in 2023, with a median price of RM 300K and a median price per square foot (PSF) of RM 227.

This area contains both residential and commercial properties. View 57 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 300K, with most transactions falling within a stable range of RM 175K to RM 485K, and a typical market range of RM 225K to RM 375K.

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 227, though individual units vary from RM 97 to RM 357 in the core range. The broader market spans RM 182.50 to RM 271.50, indicating diverse property characteristics. A wider spread (IQR: RM 89.00) and deviation (MAD: RM 130) indicate significant PSF variations, likely due to diverse property types or conditions.

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.