PENGKALAN RAMA FLATS (LOT 7)

PENGKALAN RAMA FLATS (LOT 7) in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 111K and a median price per square foot (PSF) of RM 150.

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 111K, with most transactions falling within a stable range of RM 93K to RM 128K, and a typical market range of RM 98K to RM 124K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 150, with core pricing between RM 125 and RM 174. Market pricing typically extends from RM 128.25 to RM 170.75, reflecting moderate variation in unit pricing. The spread of RM 42.50 (IQR) and deviation of RM 25 (MAD) suggest moderate price variations reflecting different property features.

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.