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Market Snapshot
ResidentialRM 120,000
RM 108 psfMedian transaction price
Jalan P6, Taman Pelangi, 75450 Melaka, Malaysia
MapsRum Pangsa Taman Pelangi in Melaka Tengah, Melaka recorded 1 subsale transactions between 2021 and 2026, with a median price of RM 120K and a median price per square foot (PSF) of RM 108.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 108, with most transactions between RM 108 and RM 108. The usual range is RM 84.24 to RM 132.24, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 48.00 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.