TAMAN KRUBONG UTAMA in Melaka Tengah, Melaka recorded 8 subsale transactions in 2023, with a median price of RM 525K and a median price per square foot (PSF) of RM 300.
This area contains both residential and commercial properties. View 32 residential properties or 14 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 525K, with most transactions falling within a stable range of RM 484K to RM 500K, and a typical market range of RM 400K to RM 500K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
Price per square foot shows a median of RM 300, though individual units vary from RM 215 to RM 384 in the core range. The broader market spans RM 244.50 to RM 354.50, indicating diverse property characteristics. A wider spread (IQR: RM 110.00) and deviation (MAD: RM 84) 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.
