CONDOMINIUM OCEAN PALMS(PERMATA IDAMAN)

CONDOMINIUM OCEAN PALMS(PERMATA IDAMAN) in Melaka Tengah, Melaka recorded 8 subsale transactions in 2024, with a median price of RM 344K and a median price per square foot (PSF) of RM 264.

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 344K, with most transactions falling within a stable range of RM 330K to RM 398K, and a typical market range of RM 330K to RM 385K.

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

The median PSF stands at RM 264, with core pricing between RM 223 and RM 305. Market pricing typically extends from RM 235.38 to RM 292.63, reflecting moderate variation in unit pricing. The spread of RM 57.25 (IQR) and deviation of RM 41 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.