TMN KENARI JAYA (HARVEST JAYA)

TMN KENARI JAYA (HARVEST JAYA) in Alor Gajah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 270K and a median price per square foot (PSF) of RM 166.

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 270K, with most transactions falling within a stable range of RM 185K to RM 320K, and a typical market range of RM 190K to RM 320K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 166, with core pricing between RM 139 and RM 193. Market pricing typically extends from RM 141.00 to RM 191.00, reflecting moderate variation in unit pricing. The spread of RM 50.00 (IQR) and deviation of RM 27 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.