TMN HILIR

TMN HILIR in Melaka Tengah, Melaka recorded 12 subsale transactions in 2022, with a median price of RM 378K and a median price per square foot (PSF) of RM 240.

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 378K, with most transactions falling within a stable range of RM 316K to RM 439K, and a typical market range of RM 316K to RM 440K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 240, with core pricing between RM 197 and RM 282. Market pricing typically extends from RM 207.25 to RM 271.75, reflecting moderate variation in unit pricing. The spread of RM 64.50 (IQR) and deviation of RM 43 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.