THE HEIGHTS RESIDENCE

THE HEIGHTS RESIDENCE in Melaka Tengah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 298K and a median price per square foot (PSF) of RM 360.

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 298K, with most transactions falling within a stable range of RM 246K to RM 349K, and a typical market range of RM 266K to RM 330K.

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

The median PSF stands at RM 360, with core pricing between RM 297 and RM 423. Market pricing typically extends from RM 320.00 to RM 400.00, reflecting moderate variation in unit pricing. The spread of RM 80.00 (IQR) and deviation of RM 63 (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.