THE SHORE @ THE RIVER

THE SHORE @ THE RIVER in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 640K and a median price per square foot (PSF) of RM 764.

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 640K, with most transactions falling within a stable range of RM 360K to RM 920K, and a typical market range of RM 484K to RM 797K.

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

For price per square foot, the median is RM 764, with most transactions between RM 750 and RM 778. The usual range is RM 722.50 to RM 805.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.