TMN SERI MANGGA SEK. 1

TMN SERI MANGGA SEK. 1 in Melaka Tengah, Melaka recorded 16 subsale transactions in 2023, with a median price of RM 318K and a median price per square foot (PSF) of RM 218.

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 318K, with most transactions falling within a stable range of RM 250K to RM 777K, and a typical market range of RM 269K to RM 367K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 218, though individual units vary from RM 156 to RM 280 in the core range. The broader market spans RM 185.25 to RM 250.75, indicating diverse property characteristics. A wider spread (IQR: RM 65.50) and deviation (MAD: RM 62) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.