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Market Snapshot
ResidentialRM 130,000
RM 117 psfMedian transaction price
Jalan P6, Taman Pelangi, 75450 Melaka, Malaysia
MapsRum Pangsa Taman Pelangi in Melaka Tengah, Melaka recorded 0 subsale transactions in 2026, with a median price of RM 130K and a median price per square foot (PSF) of RM 117.
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 130K, with most transactions falling within a stable range of RM 106K to RM 154K, and a typical market range of RM 104K to RM 157K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 117, with core pricing between RM 104 and RM 130. Market pricing typically extends from RM 93.00 to RM 141.00, 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.
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.