| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Seri Pelangi 6
|
RM 193,000
|
RM 148
|
1,302 sqft
|
|
|
Jalan Seri Pelangi 5
|
RM 235,000
|
RM 163
|
1,442 sqft
|
|
|
Jalan Seri Pelangi 6
|
RM 220,000
|
RM 148
|
1,485 sqft
|
|
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Market Snapshot
ResidentialRM 220,000
RM 148 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 3 Single Storey Terraced properties subsale transactions between 2021 and 2026, with a median price of RM 220K and a median price per square foot (PSF) of RM 148.
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 203K to RM 235K, and a typical market range of RM 193K to RM 235K.
Within the Single Storey Terraced category, town house dominated the market, with moderate diversity in property types available.
For price per square foot, the median is RM 148, with most transactions between RM 141 and RM 155. The usual range is RM 131.43 to RM 164.93, 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 7 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.