NOA RESIDENCE

NOA RESIDENCE in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 860K and a median price per square foot (PSF) of RM 599.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 860K, with most transactions falling within a stable range of RM 720K to RM 1.06 million, and a typical market range of RM 790K to RM 930K.

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

Price per square foot shows a median of RM 599, though individual units vary from RM 463 to RM 735 in the core range. The broader market spans RM 571.50 to RM 626.50, indicating diverse property characteristics. The spread of RM 55.00 (IQR) and deviation of RM 136 (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.