CONDOMINIUM OCEAN PALMS(PERMATA IDAMAN)

CONDOMINIUM OCEAN PALMS(PERMATA IDAMAN) in Melaka Tengah, Melaka recorded 10 subsale transactions in 2022, with a median price of RM 425K and a median price per square foot (PSF) of RM 309.

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 425K, with most transactions falling within a stable range of RM 389K to RM 461K, and a typical market range of RM 384K to RM 466K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 309, with most transactions between RM 279 and RM 339. The usual range is RM 279.88 to RM 337.13, showing that most units are priced quite close to each other. With an IQR of RM 57.25 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.