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Market Snapshot
ResidentialRM 340,000
RM 157 psfMedian transaction price
Taman Pelangi, 75450 Ayer Keroh, Melaka, Malaysia
MapsTaman Pelangi in Melaka Tengah, Melaka recorded 0 subsale transactions in 2021, with a median price of RM 340K and a median price per square foot (PSF) of RM 157.
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 340K, with most transactions falling within a stable range of RM 263K to RM 418K, and a typical market range of RM 270K to RM 410K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
The median PSF stands at RM 157, with core pricing between RM 127 and RM 186. Market pricing typically extends from RM 132.50 to RM 180.50, reflecting moderate variation in unit pricing. The spread of RM 48.00 (IQR) and deviation of RM 30 (MAD) suggest moderate price variations reflecting different property features.
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.