| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Pulau Gadong 4
|
RM 255,000
|
RM 213
|
1,195 sqft
|
|
|
|
Jalan Pulau Gadong 4
|
RM 200,000
|
RM 167
|
1,195 sqft
|
|
|
Jalan Pulau Gadong 6
|
RM 400,000
|
RM 141
|
2,831 sqft
|
|
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Market Snapshot
ResidentialRM 255,000
RM 167 psfMedian transaction price
Taman Pelangi, 75450 Ayer Keroh, Melaka, Malaysia
MapsTaman Pelangi in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 255K and a median price per square foot (PSF) of RM 167.
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 255K, with most transactions falling within a stable range of RM 200K to RM 339K, and a typical market range of RM 200K to RM 325K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
The median PSF stands at RM 167, with core pricing between RM 138 and RM 197. Market pricing typically extends from RM 143.39 to RM 191.39, 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.
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.