CONDOMINIUM OCEAN PALMS(PERMATA IDAMAN)

CONDOMINIUM OCEAN PALMS(PERMATA IDAMAN) in Melaka Tengah, Melaka recorded 10 subsale transactions in 2023, with a median price of RM 375K and a median price per square foot (PSF) of RM 270.

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 375K, with most transactions falling within a stable range of RM 279K to RM 533K, and a typical market range of RM 336K to RM 414K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 270, with most transactions between RM 243 and RM 296. The usual range is RM 240.38 to RM 298.63, showing that most units are priced quite close to each other. With an IQR of RM 58.25 and MAD of RM 26, the PSF demonstrates reasonable consistency across the market.

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.