| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 24
|
RM499,000
|
RM442
|
1,130 sqft
|
|
|
|
Level 7
|
RM552,000
|
RM488
|
1,130 sqft
|
|
|
|
Level 8
|
RM553,000
|
RM489
|
1,130 sqft
|
|
|
|
Level 9
|
RM554,000
|
RM490
|
1,130 sqft
|
|
|
|
Level 10
|
RM555,000
|
RM491
|
1,130 sqft
|
|
|
|
Level 14
|
RM559,000
|
RM495
|
1,130 sqft
|
|
|
Level 8
|
RM625,000
|
RM488
|
1,281 sqft
|
|
|
|
Level 14
|
RM631,000
|
RM493
|
1,281 sqft
|
|
|
|
Level 27
|
RM644,000
|
RM503
|
1,281 sqft
|
|
|
|
Level 9
|
RM639,000
|
RM491
|
1,302 sqft
|
|
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Novo 8 Residence
PSF median price per sq ft · 12m its change over the past 12 months
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Jalan Kampung Lapan, Taman Kenanga, 75250 Melaka, Malaysia
MapsNovo 8 Residence in Melaka Tengah, Melaka recorded 13 subsale transactions in 2022, with a median price of RM559K 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 RM559K, with most transactions falling within a stable range of RM517K to RM601K, and a typical market range of RM499K to RM620K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM491, with most transactions between RM476 and RM506. The usual range is RM488.56 to RM493.56, showing that most units are priced quite close to each other. A typical spread (IQR) of RM5.00 and an average deviation (MAD) of RM15 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.