NOVO 8 RESIDENCE

NOVO 8 RESIDENCE in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM 495K and a median price per square foot (PSF) of RM 499.

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 RM 495K, with most transactions falling within a stable range of RM 443K to RM 546K, and a typical market range of RM 441K to RM 555K.

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

Price per square foot shows a median of RM 499, though individual units vary from RM 262 to RM 736 in the core range. The broader market spans RM 496.50 to RM 501.50, indicating diverse property characteristics. A wider spread (IQR: RM 5.00) and deviation (MAD: RM 237) 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.