TMN PENGKALAN BALAK (RUM AWAM LONDANG)

TMN PENGKALAN BALAK (RUM AWAM LONDANG) in Alor Gajah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 150K and a median price per square foot (PSF) of RM 124.

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 150K, with most transactions falling within a stable range of RM 119K to RM 150K, and a typical market range of RM 114K to RM 150K.

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

Price per square foot shows a median of RM 124, though individual units vary from RM 99 to RM 149 in the core range. The broader market spans RM 93.25 to RM 154.75, indicating diverse property characteristics. The spread of RM 61.50 (IQR) and deviation of RM 25 (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.