|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Jalan Pulau Gadong 4
|
RM 255,000
|
RM 213
|
1,195 sqft
|
|
Terrace |
|
Jalan Pulau Gadong 4
|
RM 200,000
|
RM 167
|
1,195 sqft
|
|
Terrace |
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Market Snapshot
ResidentialRM 227,500
RM 190 psfMedian transaction price
Taman Pelangi, 75450 Ayer Keroh, Melaka, Malaysia
MapsTaman Pelangi in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 1,175 and 1,224 sqft, with a median price of RM 228K and a median price per square foot (PSF) of RM 190.
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 228K, with most transactions falling within a stable range of RM 200K to RM 255K, and a typical market range of RM 200K to RM 255K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
The median PSF stands at RM 190, with core pricing between RM 167 and RM 213. Market pricing typically extends from RM 166.41 to RM 214.41, reflecting moderate variation in unit pricing. With an IQR of RM 48.00 and MAD of RM 23, 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.