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Market Snapshot
ResidentialRM 88,000
RM 161 psfMedian transaction price
Riveria Bay Resort Condominium, 10km, Jalan Tanjung Kling, 76400 Melaka, Malaysia
MapsRiveria Bay Resort Condominium in Melaka Tengah, Melaka recorded 1 subsale transactions in 2021, with a median price of RM 88K and a median price per square foot (PSF) of RM 161.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 161, with most transactions between RM 161 and RM 161. The usual range is RM 148.59 to RM 172.59, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 24.00 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.
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.