RUM PANGSA TAMAN PELANGI

RUM 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 96K to RM 144K, and a typical market range of RM 94K to RM 147K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 108, with core pricing between RM 95 and RM 121. Market pricing typically extends from RM 84.00 to RM 132.00, reflecting moderate variation in unit pricing. With an IQR of RM 48.00 and MAD of RM 13, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.