RIVEIRA BAY RESORT KONDOMINIUM

RIVEIRA BAY RESORT KONDOMINIUM in Melaka Tengah, Melaka recorded 6 subsale transactions in 2024, with a median price of RM 107K and a median price per square foot (PSF) of RM 119.

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 107K, with most transactions falling within a stable range of RM 75K to RM 155K, and a typical market range of RM 79K to RM 134K.

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

For price per square foot, the median is RM 119, with most transactions between RM 108 and RM 130. The usual range is RM 107.00 to RM 131.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 24.00 and an average deviation (MAD) of RM 11 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.