Melaka
Alor Gajah
Sg Baru Tengah
TAMAN SERI PAYA RUMPUT

TAMAN SERI PAYA RUMPUT

Area Intelligence

2023

Median Price

RM 120,000

PSF: RM 169

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Residential PSF Trends

Median Price

RM 120,000

PSF: RM 169

TAMAN SERI PAYA RUMPUT in Alor Gajah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 120K and a median price per square foot (PSF) of RM 169.

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 120K, with most transactions falling within a stable range of RM 109K to RM 125K, and a typical market range of RM 100K to RM 125K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 169, with most transactions between RM 154 and RM 184. The usual range is RM 157.00 to RM 181.00, 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 15 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.

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TAMAN SERI PAYA RUMPUT, Alor Gajah, Melaka

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