TAMAN SERI PELANGI

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 112K to RM 155K, and a typical market range of RM 85K to RM 182K.

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

The median PSF stands at RM 163, with core pricing between RM 145 and RM 180. Market pricing typically extends from RM 146.18 to RM 179.68, reflecting moderate variation in unit pricing. With an IQR of RM 33.50 and MAD of RM 18, the PSF demonstrates reasonable consistency across the market.

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.