|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Level 1
|
RM 168,000
|
RM 124
|
1,356 sqft
|
|
Condo |
|
Level
|
RM 106,000
|
RM 96
|
1,109 sqft
|
|
Condo |
|
Level 3
|
RM 185,000
|
RM 167
|
1,109 sqft
|
|
Condo |
|
Level 5
|
RM 115,000
|
RM 104
|
1,109 sqft
|
|
Condo |
|
Level 5
|
RM 120,000
|
RM 108
|
1,109 sqft
|
|
Condo |
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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 5 subsale transactions in 2022, 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. The median price is RM 120K, with most transactions falling within a stable range of RM 106K to RM 152K, and a typical market range of RM 106K to RM 147K.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 108, though individual units vary from RM 83 to RM 134 in the core range. The broader market spans RM 84.24 to RM 132.24, indicating diverse property characteristics. The spread of RM 48.00 (IQR) and deviation of RM 25 (MAD) suggest moderate price variations reflecting different property features.
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.