Melaka
Melaka Tengah
Padang Temu
TAMAN RESIDENCE LAPAN

TAMAN RESIDENCE LAPAN

Area Intelligence

2023

Median Price

RM 1,308,000

PSF: RM 407

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Residential PSF Trends

Median Price

RM 1,308,000

PSF: RM 407

TAMAN RESIDENCE LAPAN in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 1.31 million and a median price per square foot (PSF) of RM 407.

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 1.31 million, with most transactions falling within a stable range of RM 930K to RM 1.75 million, and a typical market range of RM 1.10 million to RM 1.52 million.

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

The median PSF stands at RM 407, with core pricing between RM 351 and RM 463. Market pricing typically extends from RM 359.15 to RM 455.15, reflecting moderate variation in unit pricing. With an IQR of RM 96.00 and MAD of RM 56, 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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