| Road | Price | PSF | Size | Date | Type |
|---|
|
Off Lebuh Amj
|
RM 495,000
|
RM 224
|
2,207 sqft
|
|
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Market Snapshot
ResidentialRM 312,500
RM 207 psfMedian transaction price
Lot 4753 GMM 871, Lebuh AMJ, Kampung Sungai Petai, 78000 Alor Gajah, Melaka, Malaysia
MapsTaman Seri Pelangi in Alor Gajah, Melaka recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 313K and a median price per square foot (PSF) of RM 207.
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 313K, with most transactions falling within a stable range of RM 130K to RM 495K, and a typical market range of RM 264K to RM 361K.
Most transactions involved town house, with moderate diversity in property types available.
For price per square foot, the median is RM 207, with most transactions between RM 189 and RM 224. The usual range is RM 189.77 to RM 223.27, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 33.50 and an average deviation (MAD) of RM 18 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.