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Market Snapshot
ResidentialRM 131,500
RM 171 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 0 subsale transactions in 2021, with a median price of RM 132K and a median price per square foot (PSF) of RM 171.
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 132K, with most transactions falling within a stable range of RM 110K to RM 153K, and a typical market range of RM 83K to RM 180K.
Most transactions involved town house, with moderate diversity in property types available.
The median PSF stands at RM 171, with core pricing between RM 153 and RM 188. Market pricing typically extends from RM 153.75 to RM 187.25, 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.