TAMAN RAMBAI IDAMAN

TAMAN RAMBAI IDAMAN in Melaka Tengah, Melaka recorded 9 subsale transactions in 2021, with a median price of RM 210K and a median price per square foot (PSF) of RM 150.

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 210K, with most transactions falling within a stable range of RM 194K to RM 226K, and a typical market range of RM 190K to RM 240K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 150, with core pricing between RM 125 and RM 175. Market pricing typically extends from RM 130.00 to RM 170.00, reflecting moderate variation in unit pricing. The spread of RM 40.00 (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.