| LIST.MY · Novo 8 Residence | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2024 | |||||
|
Level 25
|
RM539,000
|
RM1,043
|
517 sqft
|
|
Serviced Apt |
|
Level 23
|
RM441,000
|
RM506
|
872 sqft
|
|
Serviced Apt |
|
Level 7
|
RM450,000
|
RM492
|
915 sqft
|
|
Serviced Apt |
|
Level 10
|
RM555,000
|
RM491
|
1,130 sqft
|
|
Serviced Apt |
Selling in Novo 8 Residence? Homes here sold for a median of RM494,500.
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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.
See the yield with PlusRM59 a month, cancel any time
Jalan Kampung Lapan, Taman Kenanga, 75250 Melaka, Malaysia
MapsNovo 8 Residence in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM495K and a median price per square foot (PSF) of RM499.
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 RM495K, with most transactions falling within a stable range of RM443K to RM546K, and a typical market range of RM441K to RM555K.
Most transactions involved serviced apartment, with minimal variety in property types.
Price per square foot shows a median of RM499, though individual units vary from RM262 to RM736 in the core range. The broader market spans RM496.32 to RM501.32, indicating diverse property characteristics. A wider spread (IQR: RM5.00) and deviation (MAD: RM237) 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. 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.