| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM 120,000
|
RM 108
|
1,109 sqft
|
|
|
|
Level 2
|
RM 180,000
|
RM 162
|
1,109 sqft
|
|
|
|
Level
|
RM 106,000
|
RM 96
|
1,109 sqft
|
|
|
|
Level 3
|
RM 185,000
|
RM 167
|
1,109 sqft
|
|
|
|
Level 5
|
RM 115,000
|
RM 104
|
1,109 sqft
|
|
|
|
Level 5
|
RM 120,000
|
RM 108
|
1,109 sqft
|
|
|
|
Level 1
|
RM 173,000
|
RM 156
|
1,109 sqft
|
|
|
|
Level 3
|
RM 130,000
|
RM 117
|
1,109 sqft
|
|
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Market Snapshot
ResidentialRM 125,000
RM 113 psfMedian transaction price
Jalan P6, Taman Pelangi, 75450 Melaka, Malaysia
MapsRum Pangsa Taman Pelangi in Melaka Tengah, Melaka recorded 8 subsale transactions between 2021 and 2026, sized between 1,075 and 1,124 sqft, with a median price of RM 125K and a median price per square foot (PSF) of RM 113.
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 125K, with most transactions falling within a stable range of RM 106K to RM 155K, and a typical market range of RM 106K to RM 152K.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 113, though individual units vary from RM 85 to RM 140 in the core range. The broader market spans RM 88.75 to RM 136.75, indicating diverse property characteristics. The spread of RM 48.00 (IQR) and deviation of RM 27 (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.