Condominium Ocean Palms(permata Idaman)
Melaka Tengah, Melaka · High-rise (condo, apartment, flat) · Freehold
Homes in Condominium Ocean Palms(permata Idaman) have sold for a median of
RM362,500
RM284 psf on the recorded floor area
Half of the 38 recorded sales fell between RM338,500 and RM423,750. One in ten went under RM298,500, one in ten over RM461,500. Sales run from 21 April 2021 to 20 November 2025.
Down 29% from a RM425,000 median in 2022 to RM300,000 in 2025.
On mudah.my right now — 31 ads naming Condominium Ocean Palms(permata Idaman)
Sellers are asking a median of
RM261 psf
That is -8% below the RM284 psf buyers actually paid here across all recorded sales. Same scheme, same kind of home, same floor-area basis.
Ads asking between RM268,000 and RM398,000 make up the middle half. An ad may still describe a renovated, larger or worse unit than the sales it is compared to, and mudah.my skews to owner and urgent sales — a figure a few percent under the record is common there.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Melaka, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM345,000 | RM292 psf | 3 |
| 2022 | RM425,000 | RM309 psf | 10 |
| 2023 | RM375,000 | RM270 psf | 10 |
| 2024 | RM344,000 | RM264 psf | 8 |
| 2025 | RM300,000 | RM286 psf | 7 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Melaka Tengah with enough recorded sales, cheapest first. By median sold price, Condominium Ocean Palms(permata Idaman) sits 23 of 26 in that set.
16 cheaper schemes above
Against Melaka
Across Melaka, the median recorded sale for high-rise (condo, apartment, flat) is RM180,000 (RM209 psf), from 432 sales. Condominium Ocean Palms(permata Idaman)’s own median is RM362,500 — higher than that state median. Full Melaka table.
Cash and monthly on the RM362,500 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM36,250
- Transfer duty (MOT): RM6,250
- Loan duty (0.5%): RM1,631
- Total cash: RM44,131
- Qualifying first home: RM36,250 (duties exempt)
Monthly carry
- Instalment (35y @ 4.00%): RM1,445
- Total monthly: RM1,445
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Condominium Ocean Palms(permata Idaman) sold for?
- A median of RM362,500 (RM284 psf), from 38 land-office transactions between 21 April 2021 and 20 November 2025.
- What is a typical band here?
- Half of recorded sales fell between RM338,500 and RM423,750. One in ten went under RM298,500; one in ten over RM461,500.
- Has the median moved?
- From RM425,000 in 2022 to RM300,000 in 2025 (-29%), using only years with five or more sales.
- How do live ads compare?
- Ads naming Condominium Ocean Palms(permata Idaman) ask a median of RM261 psf — -8% versus the RM284 psf buyers paid here. Same scheme match; not a mark-up on every listing.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.