Melaka
Melaka Tengah
Bkt Rambai
TAMAN SERI RAMBAI 1

TAMAN SERI RAMBAI 1

Area Intelligence

2023

Median Price

RM 250,000

PSF: RM 173

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Residential PSF Trends

Median Price

RM 250,000

PSF: RM 173

TAMAN SERI RAMBAI 1 in Melaka Tengah, Melaka recorded 8 subsale transactions in 2023, with a median price of RM 250K and a median price per square foot (PSF) of RM 173.

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 250K, with most transactions falling within a stable range of RM 318K to RM 339K, and a typical market range of RM 318K to RM 299K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 173, though individual units vary from RM 126 to RM 220 in the core range. The broader market spans RM 147.50 to RM 198.50, indicating diverse property characteristics. A wider spread (IQR: RM 51.00) and deviation (MAD: RM 47) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN SERI RAMBAI 1, Melaka Tengah, Melaka

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