GARDEN CITY

GARDEN CITY in Melaka Tengah, Melaka recorded 21 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 232.

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 180K, with most transactions falling within a stable range of RM 135K to RM 225K, and a typical market range of RM 140K to RM 220K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 232, with core pricing between RM 186 and RM 278. Market pricing typically extends from RM 198.50 to RM 265.50, reflecting moderate variation in unit pricing. The spread of RM 67.00 (IQR) and deviation of RM 46 (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. Moderate transaction volume may require patience when buying or selling.