TAMAN RESIDENCE LAPAN in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, sized between 2,000 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 736K to RM 1.17 million, and a typical market range of RM 746K to RM 1.16 million.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
The median PSF stands at RM 360, with core pricing between RM 321 and RM 399. Market pricing typically extends from RM 312.28 to RM 408.28, reflecting moderate variation in unit pricing. With an IQR of RM 96.00 and MAD of RM 39, 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.
