Melaka
Melaka Tengah
Cheng
TAMAN DESA DAMAI

TAMAN DESA DAMAI

Area Intelligence

2024

Median Price

RM 265,000

PSF: RM 190

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Residential PSF Trends

Median Price

RM 265,000

PSF: RM 190

TAMAN DESA DAMAI in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 265K and a median price per square foot (PSF) of RM 190.

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 265K, with most transactions falling within a stable range of RM 180K to RM 350K, and a typical market range of RM 216K to RM 314K.

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

Price per square foot shows a median of RM 190, though individual units vary from RM 129 to RM 250 in the core range. The broader market spans RM 163.50 to RM 215.50, indicating diverse property characteristics. A wider spread (IQR: RM 52.00) and deviation (MAD: RM 61) 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. 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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