PANGSAPURI CEMPAKA RAYA (ISKANDAR SHAH)

PANGSAPURI CEMPAKA RAYA (ISKANDAR SHAH) in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 170K and a median price per square foot (PSF) of RM 182.

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 170K, with most transactions falling within a stable range of RM 163K to RM 177K, and a typical market range of RM 165K to RM 175K.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 182, with most transactions between RM 174 and RM 190. The usual range is RM 176.50 to RM 187.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 11.00 and an average deviation (MAD) of RM 8 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.