Melaka
Alor Gajah
Sg Petai
TAMAN SERI PELANGI

TAMAN SERI PELANGI

Area Intelligence

2023

Median Price

RM 133,000

PSF: RM 163

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Residential PSF Trends

Median Price

RM 133,000

PSF: RM 163

TAMAN SERI PELANGI in Alor Gajah, Melaka recorded 5 subsale transactions in 2023, with a median price of RM 133K and a median price per square foot (PSF) of RM 163.

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 133K, with most transactions falling within a stable range of RM 110K to RM 207K, and a typical market range of RM 110K to RM 182K.

Most transactions involved town house, with moderate diversity in property types available.

For price per square foot, the median is RM 163, with most transactions between RM 150 and RM 176. The usual range is RM 146.18 to RM 179.68, 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 13 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI PELANGI, Alor Gajah, Melaka

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Transactions

5 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 235,000

JALAN SERI PELANGI 5

1,442 sqft • RM 163 PSF

Nov 2023

RM 133,000

Level 1

732 sqft • RM 182 PSF

Nov 2023

RM 110,000

Level 1

721 sqft • RM 153 PSF

Sep 2023

RM 110,000

Level 2

721 sqft • RM 153 PSF

Sep 2023

RM 290,000

JALAN SERI PELANGI 7

1,615 sqft • RM 180 PSF

Jul 2023

Road	Price	PSF	Size	Date	Type
JALAN SERI PELANGI 5	RM 235,000	RM 163	1,442 sqft	Nov 2023	Single Storey Terraced
Level 1	RM 133,000	RM 182	732 sqft	Nov 2023	Town House
Level 1	RM 110,000	RM 153	721 sqft	Sep 2023	Town House
Level 2	RM 110,000	RM 153	721 sqft	Sep 2023	Town House
JALAN SERI PELANGI 7	RM 290,000	RM 180	1,615 sqft	Jul 2023	Double Storey Terraced