Novo 8 Residence in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 875 and 924 sqft, with a median price of RM446K and a median price per square foot (PSF) of RM487.

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 RM446K, with most transactions falling within a stable range of RM442K to RM450K, and a typical market range of RM442K to RM450K.

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

For price per square foot, the median is RM487, with most transactions between RM483 and RM492. The usual range is RM484.97 to RM489.97, showing that most units are priced quite close to each other. A typical spread (IQR) of RM5.00 and an average deviation (MAD) of RM4 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.