Novo 8 Residence in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM425K and a median price per square foot (PSF) of RM460.

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 RM425K, with most transactions falling within a stable range of RM337K to RM500K, and a typical market range of RM364K to RM486K.

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

For price per square foot, the median is RM460, with most transactions between RM447 and RM473. The usual range is RM457.42 to RM462.42, showing that most units are priced quite close to each other. A typical spread (IQR) of RM5.00 and an average deviation (MAD) of RM13 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.