TAMAN PADANG RIA

TAMAN PADANG RIA in Melaka Tengah, Melaka recorded 35 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 160.

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 280K, with most transactions falling within a stable range of RM 196K to RM 322K, and a typical market range of RM 215K to RM 322K.

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

Price per square foot shows a median of RM 160, though individual units vary from RM 97 to RM 223 in the core range. The broader market spans RM 97.50 to RM 222.50, indicating diverse property characteristics. A wider spread (IQR: RM 125.00) and deviation (MAD: RM 63) 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.