TMN MUHIBBAH (BKT RAMBAI)

TMN MUHIBBAH (BKT RAMBAI) in Melaka Tengah, Melaka recorded 19 subsale transactions in 2023, with a median price of RM 466K and a median price per square foot (PSF) of RM 138.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 466K, with most transactions falling within a stable range of RM 451K to RM 481K, and a typical market range of RM 463K to RM 469K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 138, with most transactions between RM 131 and RM 145. The usual range is RM 136.25 to RM 139.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 3.50 and an average deviation (MAD) of RM 7 indicate a highly stable PSF trend across properties.

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.