CASUARINA PARK (KONDO PANDAN WANGI)

CASUARINA PARK (KONDO PANDAN WANGI) in Melaka Tengah, Melaka recorded 11 subsale transactions in 2023, with a median price of RM 198K and a median price per square foot (PSF) of RM 242.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 198K, with most transactions falling within a stable range of RM 180K to RM 336K, and a typical market range of RM 180K to RM 327K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM 242, with core pricing between RM 199 and RM 285. Market pricing typically extends from RM 212.50 to RM 271.50, reflecting moderate variation in unit pricing. The spread of RM 59.00 (IQR) and deviation of RM 43 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.