THE OZANA RESIDENCES

THE OZANA RESIDENCES in Melaka Tengah, Melaka recorded 8 subsale transactions in 2023, with a median price of RM 660K and a median price per square foot (PSF) of RM 311.

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 660K, with most transactions falling within a stable range of RM 580K to RM 781K, and a typical market range of RM 580K to RM 750K.

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 311, though individual units vary from RM 242 to RM 380 in the core range. The broader market spans RM 238.25 to RM 383.75, indicating diverse property characteristics. The spread of RM 145.50 (IQR) and deviation of RM 69 (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.