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Novo 8 Residence
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Bdr Melaka
Does NOVO 8 RESIDENCE rent out well?
Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.
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Jalan Kampung Lapan, Taman Kenanga, 75250 Melaka, Malaysia
MapsNovo 8 Residence in Melaka Tengah, Melaka recorded 0 subsale transactions between 2021 and 2026, sized between 575 and 624 sqft, with a median price of RM553K and a median price per square foot (PSF) of RM491.
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 RM553K, with most transactions falling within a stable range of RM481K to RM625K, and a typical market range of RM492K to RM614K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM491, with most transactions between RM488 and RM494. The usual range is RM488.50 to RM493.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM5.00 and an average deviation (MAD) of RM3 indicate a highly stable PSF trend across properties.
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.