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Market Snapshot
ResidentialRM 765,000
RM 110 psfMedian transaction price
Taman Muhibbah, 75200 Klebang Besar, Melaka, Malaysia
MapsTaman Muhibbah in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 765K and a median price per square foot (PSF) of RM 110.
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 765K, with most transactions falling within a stable range of RM 730K to RM 800K, and a typical market range of RM 730K to RM 800K.
Most transactions involved detached, with minimal variety in property types.
The median PSF stands at RM 110, with core pricing between RM 95 and RM 125. Market pricing typically extends from RM 95.28 to RM 124.78, reflecting moderate variation in unit pricing. With an IQR of RM 29.50 and MAD of RM 15, 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.