GARDEN CITY

GARDEN CITY in Melaka Tengah, Melaka recorded 16 subsale transactions in 2024, with a median price of RM 165K and a median price per square foot (PSF) of RM 237.

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 165K, with most transactions falling within a stable range of RM 131K to RM 199K, and a typical market range of RM 125K to RM 205K.

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

Price per square foot shows a median of RM 237, though individual units vary from RM 176 to RM 298 in the core range. The broader market spans RM 203.50 to RM 270.50, indicating diverse property characteristics. A wider spread (IQR: RM 67.00) and deviation (MAD: RM 61) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.