Noa Residence

Jalan Pulau Gadong, 75250 Melaka, Malaysia

Property Transactions

4 subsales grouped by size

Median
RM860,000
PSF
RM349
Price Size
Period
transactions middle 50% (P25–P75)
2,450 sqft
2-Sty Shop
RM1,000,000
Jalan Tun Teja
2,465 sqft · RM406 PSF
RM720,000
Jalan Tun Teja
2,465 sqft · RM292 PSF
RM1,200,000
Jalan Tun Teja
2,465 sqft · RM487 PSF
RM720,000
Jalan Tun Teja
2,465 sqft · RM292 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM860,000

RM349 psf

Median transaction price

Average

Does NOA RESIDENCE rent out well?

Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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Jalan Pulau Gadong, 75250 Melaka, Malaysia

Maps

Noa Residence in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM860K and a median price per square foot (PSF) of RM349.

This area contains both residential and commercial properties. View 5 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM860K, with most transactions falling within a stable range of RM720K to RM1.06 million, and a typical market range of RM784K to RM936K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM349, though individual units vary from RM267 to RM431 in the core range. The broader market spans RM327.14 to RM370.64, indicating diverse property characteristics. The spread of RM43.50 (IQR) and deviation of RM82 (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.