Taman Melati, Sitiawan

Perak, Manjung, Lumut

Property Transactions

3 subsales grouped by size

Median
RM 569,000
PSF
RM 209
Price Size
Period
transactions middle 50% (P25–P75)
950 sqft
LC House
RM 200,000
Jalan Lumut
958 sqft · RM 209 PSF
2,650 sqft
2-Sty Shop
RM 569,000
Jalan Melati Indah 1
2,648 sqft · RM 215 PSF
6,700 sqft
3-Sty Shop
RM 1,180,000
Jalan Melati Indah 1
6,717 sqft · RM 176 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 200,000

RM 209 psf

Median transaction price

Taman Melati, Sitiawan in Manjung, Perak recorded 3 subsale transactions in 2023, with a median price of RM 569K and a median price per square foot (PSF) of RM 209.

This area contains both residential and commercial properties. View 16 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 569K, with most transactions falling within a stable range of RM 200K to RM 973K, and a typical market range of RM 514K to RM 625K.

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

For price per square foot, the median is RM 209, with most transactions between RM 192 and RM 226. The usual range is RM 176.65 to RM 240.90, showing that most units are priced quite close to each other. With an IQR of RM 64.25 and MAD of RM 17, 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.