TAMAN PADANG RIA

TAMAN PADANG RIA in Melaka Tengah, Melaka recorded 4 subsale transactions in 2022, with a median price of RM 116K and a median price per square foot (PSF) of RM 90.

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 116K, with most transactions falling within a stable range of RM 110K to RM 144K, and a typical market range of RM 110K to RM 180K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 90, though individual units vary from RM 69 to RM 111 in the core range. The broader market spans RM 27.50 to RM 152.50, indicating diverse property characteristics. The spread of RM 125.00 (IQR) and deviation of RM 21 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.