Melaka
Melaka Tengah
Cheng
TAMAN DESA DAMAI

TAMAN DESA DAMAI

Area Intelligence

2024

Median Price

RM 182,500

PSF: RM 223

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Residential PSF Trends

Median Price

RM 182,500

PSF: RM 223

TAMAN DESA DAMAI in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 183K and a median price per square foot (PSF) of RM 223.

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 183K, with most transactions falling within a stable range of RM 165K to RM 200K, and a typical market range of RM 165K to RM 200K.

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

For price per square foot, the median is RM 223, with most transactions between RM 209 and RM 236. The usual range is RM 196.50 to RM 248.50, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 14, 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.

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TAMAN DESA DAMAI, Melaka Tengah, Melaka

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