TMN NOORBAR

TMN NOORBAR in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 320K and a median price per square foot (PSF) of RM 131.

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 320K, with most transactions falling within a stable range of RM 250K to RM 390K, and a typical market range of RM 283K to RM 358K.

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

Price per square foot shows a median of RM 131, though individual units vary from RM 99 to RM 162 in the core range. The broader market spans RM 114.75 to RM 146.25, indicating diverse property characteristics. The spread of RM 31.50 (IQR) and deviation of RM 32 (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.