Melaka
Melaka Tengah
Padang Temu
TAMAN RESIDENCE LAPAN

TAMAN RESIDENCE LAPAN

Area Intelligence

2023

Median Price

RM 954,000

PSF: RM 360

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Residential PSF Trends

Median Price

RM 954,000

PSF: RM 360

TAMAN RESIDENCE LAPAN in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, sized between 1,000 and 3,000 sqft, with a median price of RM 954K and a median price per square foot (PSF) of RM 360.

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 954K, with most transactions falling within a stable range of RM 930K to RM 978K, and a typical market range of RM 930K to RM 978K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.

For price per square foot, the median is RM 360, with most transactions between RM 351 and RM 369. The usual range is RM 312.28 to RM 408.28, showing that most units are priced quite close to each other. With an IQR of RM 96.00 and MAD of RM 9, 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 RESIDENCE LAPAN, Melaka Tengah, Melaka

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