KENANGA RESIDENSES

KENANGA RESIDENSES in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 382.

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 363K, with most transactions falling within a stable range of RM 280K to RM 446K, and a typical market range of RM 323K to RM 403K.

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

Price per square foot shows a median of RM 382, though individual units vary from RM 280 to RM 483 in the core range. The broader market spans RM 338.50 to RM 424.50, indicating diverse property characteristics. A wider spread (IQR: RM 86.00) and deviation (MAD: RM 102) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.