BANDAR BARU SUNGAI UDANG in Melaka Tengah, Melaka recorded 24 subsale transactions in 2022, with a median price of RM 294K and a median price per square foot (PSF) of RM 156.
This area contains both residential and commercial properties. View 50 residential properties or 11 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 294K, with most transactions falling within a stable range of RM 252K to RM 336K, and a typical market range of RM 243K to RM 345K.
Most transactions involved 1 1/2 storey terracedcond, with moderate diversity in property types available.
The median PSF stands at RM 156, with core pricing between RM 125 and RM 186. Market pricing typically extends from RM 124.75 to RM 186.25, reflecting moderate variation in unit pricing. The spread of RM 61.50 (IQR) and deviation of RM 31 (MAD) suggest moderate price variations reflecting different property features.
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. Moderate transaction volume may require patience when buying or selling.
