TMN MELATI (P/L 1591)

TMN MELATI (P/L 1591) in Kuala Langat, Selangor recorded 3 subsale transactions in 2022, with a median price of RM 325K and a median price per square foot (PSF) of RM 250.

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 325K, with most transactions falling within a stable range of RM 220K to RM 463K, and a typical market range of RM 275K to RM 375K.

Most transactions involved low-cost house, though some variety exists in the market.

The median PSF stands at RM 250, with core pricing between RM 209 and RM 291. Market pricing typically extends from RM 234.88 to RM 265.13, reflecting moderate variation in unit pricing. The spread of RM 30.25 (IQR) and deviation of RM 41 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.