GARDEN CITY
Residential Market
Median Price
RM 180,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Condo/Apartment
46 properties
Median Price
RM 177,500
-1.0% CAGR
Median PSF
RM 231.00
+2.8% CAGR
Flat
4 properties
Median Price
RM 150,000
Median PSF
RM 255.50
+0.5% CAGR
Low-Cost Flat
3 properties
Median Price
RM 110,000
-17.4% CAGR
Median PSF
RM 186.00
-17.4% CAGR
Shop/Retail Lot
1 properties
Median Price
RM 425,000
Median PSF
RM 359.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Condo/Apartment | 46 |
RM 177,500
±5K MAD
|
-0.96% |
RM 231.00
±1 MAD
|
+2.83% | |
| Flat | 4 |
RM 150,000
|
- |
RM 255.50
±3 MAD
|
+0.49% | |
| Low-Cost Flat | 3 |
RM 110,000
±10K MAD
|
-17.43% |
RM 186.00
±17 MAD
|
-17.37% | |
| Shop/Retail Lot | 1 |
RM 425,000
|
- |
RM 359.00
|
- |
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.
Filter by type, year, price, and size
Transactions
21 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 130,000
|
RM 232.00
|
560 sqft
|
Dec 2023
|
|
RM 145,000
|
RM 241.00
|
603 sqft
|
Oct 2023
|
Condo/Apartment | |
|
RM 220,000
|
RM 372.00
|
592 sqft
|
Jun 2023
|
Flat | |
|
RM 175,000
|
RM 290.00
|
603 sqft
|
May 2023
|
Condo/Apartment | |
|
RM 75,000
|
RM 127.00
|
592 sqft
|
May 2023
|
Low-Cost Flat | |
|
RM 130,000
|
RM 220.00
|
592 sqft
|
Feb 2023
|
Condo/Apartment |
|
RM 135,000
|
RM 213.00
|
635 sqft
|
Apr 2023
|
|
RM 175,000
|
RM 243.00
|
721 sqft
|
Jun 2023
|
||
|
RM 150,000
|
RM 208.00
|
721 sqft
|
Jun 2023
|
||
|
RM 220,000
|
RM 305.00
|
721 sqft
|
Jun 2023
|
||
|
RM 180,000
|
RM 250.00
|
721 sqft
|
May 2023
|
||
|
RM 200,000
|
RM 277.00
|
721 sqft
|
Mar 2023
|
|
RM 167,000
|
RM 225.00
|
743 sqft
|
Nov 2023
|
|
RM 160,000
|
RM 204.00
|
784 sqft
|
Oct 2023
|
|
RM 210,000
|
RM 217.00
|
969 sqft
|
Aug 2023
|
|
RM 230,000
|
RM 235.00
|
980 sqft
|
Oct 2023
|
||
|
RM 240,000
|
RM 245.00
|
980 sqft
|
Sep 2023
|
||
|
RM 200,000
|
RM 204.00
|
980 sqft
|
Aug 2023
|
||
|
RM 230,000
|
RM 235.00
|
980 sqft
|
Jul 2023
|
|
RM 250,000
|
RM 221.00
|
1,129 sqft
|
Feb 2023
|
||
|
RM 240,000
|
RM 212.00
|
1,130 sqft
|
Feb 2023
|