THE PINES
Residential Market
Median Price
RM 320,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Service Apartment
8 properties
Median Price
RM 300,000
-7.9% CAGR
Median PSF
RM 606.00
-7.9% CAGR
Condo/Apartment
1 properties
Median Price
RM 350,000
Median PSF
RM 707.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Service Apartment | 8 |
RM 300,000
±20K MAD
|
-7.90% |
RM 606.00
±40 MAD
|
-7.88% | |
| Condo/Apartment | 1 |
RM 350,000
|
- |
RM 707.00
|
- |
THE PINES in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 320K and a median price per square foot (PSF) of RM 646.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved service apartment, though some variety exists in the market.
For price per square foot, the median is RM 646, with most transactions between RM 646 and RM 646. The usual range is RM 622.50 to RM 669.50, 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 0 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.
Filter by type, year, price, and size
Transactions
2 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 320,000
|
RM 646.00
|
495 sqft
|
Sep 2022
|
||
|
RM 320,000
|
RM 646.00
|
495 sqft
|
Sep 2022
|