| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 1
|
RM 110,000
|
RM 153
|
721 sqft
|
|
|
|
Level 2
|
RM 110,000
|
RM 153
|
721 sqft
|
|
|
Jalan Seri Pelangi 5
|
RM 235,000
|
RM 163
|
1,442 sqft
|
|
|
Jalan Seri Pelangi 7
|
RM 290,000
|
RM 180
|
1,615 sqft
|
|
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Market Snapshot
ResidentialRM 133,000
RM 163 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 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.