RUM AWAM TEBONG (TMN SRI CAHAYA)

RUM AWAM TEBONG (TMN SRI CAHAYA) in Alor Gajah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 87K and a median price per square foot (PSF) of RM 68.

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 87K, with most transactions falling within a stable range of RM 83K to RM 90K, and a typical market range of RM 80K to RM 90K.

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

For price per square foot, the median is RM 68, with most transactions between RM 65 and RM 71. The usual range is RM 64.38 to RM 71.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 7.25 and an average deviation (MAD) of RM 3 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.