TAMAN TG MINYAK UTAMA in Melaka Tengah, Melaka recorded 19 subsale transactions in 2023, with a median price of RM 253K and a median price per square foot (PSF) of RM 176.
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 253K, with most transactions falling within a stable range of RM 203K to RM 303K, and a typical market range of RM 140K to RM 367K.
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 176, though individual units vary from RM 136 to RM 216 in the core range. The broader market spans RM 136.25 to RM 215.75, 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.
