RIVEIRA BAY RESORT KONDOMINIUM

RIVEIRA BAY RESORT KONDOMINIUM in Melaka Tengah, Melaka recorded 5 subsale transactions in 2023, with a median price of RM 70K and a median price per square foot (PSF) of RM 108.

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 70K, with most transactions falling within a stable range of RM 62K to RM 110K, and a typical market range of RM 62K to RM 98K.

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

The median PSF stands at RM 108, with core pricing between RM 94 and RM 122. Market pricing typically extends from RM 96.00 to RM 120.00, reflecting moderate variation in unit pricing. With an IQR of RM 24.00 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

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.