TAMAN TG MINYAK UTAMA in Melaka Tengah, Melaka recorded 5 subsale transactions in 2021, with a median price of RM 240K and a median price per square foot (PSF) of RM 169.
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 190K to RM 290K, and a typical market range of RM 127K to RM 354K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 169, though individual units vary from RM 129 to RM 209 in the core range. The broader market spans RM 129.25 to RM 208.75, indicating diverse property characteristics. The spread of RM 79.50 (IQR) and deviation of RM 40 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
