TAMAN MELATI (P/L 1591)

Area Intelligence

2023

Median Price

RM 160,000

PSF: RM 177

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Residential PSF Trends

Median Price

RM 160,000

PSF: RM 177

TAMAN MELATI (P/L 1591) in Kuala Langat, Selangor recorded 3 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 177.

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 160K, with most transactions falling within a stable range of RM 140K to RM 245K, and a typical market range of RM 140K to RM 208K.

Most transactions involved low-cost house, with minimal variety in property types.

Price per square foot shows a median of RM 177, though individual units vary from RM 83 to RM 271 in the core range. The broader market spans RM 124.50 to RM 229.50, indicating diverse property characteristics. A wider spread (IQR: RM 105.00) and deviation (MAD: RM 94) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MELATI (P/L 1591), Kuala Langat, Selangor

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