THE OZANA RESIDENCES

THE OZANA RESIDENCES in Melaka Tengah, Melaka recorded 24 subsale transactions in 2022, with a median price of RM 669K and a median price per square foot (PSF) of RM 206.

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 669K, with most transactions falling within a stable range of RM 505K to RM 855K, and a typical market range of RM 580K to RM 759K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 206, though individual units vary from RM 123 to RM 289 in the core range. The broader market spans RM 133.25 to RM 278.75, indicating diverse property characteristics. A wider spread (IQR: RM 145.50) and deviation (MAD: RM 83) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Moderate transaction volume may require patience when buying or selling.