Melaka
Melaka Tengah
Tg Minyak
TAMAN TG MINYAK UTAMA

TAMAN TG MINYAK UTAMA

Area Intelligence

2023

Median Price

RM 305,000

PSF: RM 131

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Residential PSF Trends

Median Price

RM 305,000

PSF: RM 131

TAMAN TG MINYAK UTAMA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 305K and a median price per square foot (PSF) of RM 131.

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 305K, with most transactions falling within a stable range of RM 300K to RM 310K, and a typical market range of RM 300K to RM 310K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 131, with most transactions between RM 127 and RM 135. The usual range is RM 91.25 to RM 170.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 4, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN TG MINYAK UTAMA, Melaka Tengah, Melaka

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