TMN HILIR

TMN HILIR in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 304.

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 450K, with most transactions falling within a stable range of RM 398K to RM 521K, and a typical market range of RM 398K to RM 512K.

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

Price per square foot shows a median of RM 304, though individual units vary from RM 243 to RM 364 in the core range. The broader market spans RM 271.25 to RM 335.75, indicating diverse property characteristics. The spread of RM 64.50 (IQR) and deviation of RM 61 (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.