ADMIRAL RESIDENCES

ADMIRAL RESIDENCES in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 376K and a median price per square foot (PSF) of RM 361.

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 376K, with most transactions falling within a stable range of RM 337K to RM 415K, and a typical market range of RM 345K to RM 407K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 361, with core pricing between RM 323 and RM 398. Market pricing typically extends from RM 341.38 to RM 379.63, reflecting moderate variation in unit pricing. With an IQR of RM 38.25 and MAD of RM 38, the PSF demonstrates reasonable consistency across the market.

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.