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Market Snapshot
ResidentialRM 70,000
RM 94 psfMedian transaction price
Taman Pandan Indah, Melaka, Malaysia
MapsTaman Pandan Indah in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 70K and a median price per square foot (PSF) of RM 94.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 94, with most transactions between RM 94 and RM 94. The usual range is RM 57.88 to RM 130.63, showing that most units are priced quite close to each other. With an IQR of RM 72.75 and MAD of RM 0, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.