TMN PANDAN JAYA SEK 1 (HAI CHOON DEV)

TMN PANDAN JAYA SEK 1 (HAI CHOON DEV) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 415K and a median price per square foot (PSF) of RM 152.

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 415K, with most transactions falling within a stable range of RM 380K to RM 450K, and a typical market range of RM 380K to RM 450K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 152, with core pricing between RM 127 and RM 177. Market pricing typically extends from RM 126.88 to RM 177.13, reflecting moderate variation in unit pricing. The spread of RM 50.25 (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.