TAMAN DESA TANJUNG MINYAK (SERI BERTAM)

TAMAN DESA TANJUNG MINYAK (SERI BERTAM) in Melaka Tengah, Melaka recorded 61 subsale transactions in 2022, with a median price of RM 240K and a median price per square foot (PSF) of RM 166.

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 240K, with most transactions falling within a stable range of RM 160K to RM 320K, and a typical market range of RM 205K to RM 275K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 166, though individual units vary from RM 123 to RM 209 in the core range. The broader market spans RM 147.00 to RM 185.00, indicating diverse property characteristics. A wider spread (IQR: RM 38.00) and deviation (MAD: RM 43) indicate significant PSF variations, likely due to diverse property types or conditions.

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.