Melaka
Alor Gajah
Durian Tunggal
TAMAN RAJAWALI

TAMAN RAJAWALI

Area Intelligence

2023

Median Price

RM 220,000

PSF: RM 122

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Residential PSF Trends

Median Price

RM 220,000

PSF: RM 122

TAMAN RAJAWALI in Alor Gajah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 220K and a median price per square foot (PSF) of RM 122.

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 220K, with most transactions falling within a stable range of RM 180K to RM 260K, and a typical market range of RM 183K to RM 258K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 122, though individual units vary from RM 92 to RM 151 in the core range. The broader market spans RM 105.63 to RM 137.38, indicating diverse property characteristics. The spread of RM 31.75 (IQR) and deviation of RM 30 (MAD) suggest moderate price variations reflecting different property features.

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.

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TAMAN RAJAWALI, Alor Gajah, Melaka

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