THE PINES

THE PINES in Melaka Tengah, Melaka recorded 8 Service Apartment properties subsale transactions between 2021 and 2025 for service apartment properties, with a median price of RM 309K and a median price per square foot (PSF) of RM 624.

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 309K, with most transactions falling within a stable range of RM 264K to RM 350K, and a typical market range of RM 297K to RM 322K.

Within the Service Apartment category, service apartment dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 624, with most transactions between RM 569 and RM 679. The usual range is RM 600.50 to RM 647.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.00 and an average deviation (MAD) of RM 55 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.