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Market Snapshot
ResidentialRM 385,000
RM 169 psfMedian transaction price
Taman Pandan Indah, Melaka, Malaysia
MapsTaman Pandan Indah in Melaka Tengah, Melaka recorded 0 subsale transactions in 2021, with a median price of RM 443K and a median price per square foot (PSF) of RM 169.
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 443K, with most transactions falling within a stable range of RM 343K to RM 542K, and a typical market range of RM 340K to RM 545K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 169, with core pricing between RM 138 and RM 201. Market pricing typically extends from RM 132.63 to RM 205.38, reflecting moderate variation in unit pricing. The spread of RM 72.75 (IQR) and deviation of RM 32 (MAD) suggest moderate price variations reflecting different property features.
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.