| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong 4
|
RM 200,000
|
RM 114
|
1,755 sqft
|
|
|
Jalan Pulau Gadong 4
|
RM 320,000
|
RM 139
|
2,303 sqft
|
|
|
|
Jalan Pulau Gadong 8
|
RM 420,000
|
RM 183
|
2,293 sqft
|
|
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Market Snapshot
ResidentialRM 320,000
RM 139 psfMedian transaction price
Taman Pelangi, 75450 Ayer Keroh, Melaka, Malaysia
MapsTaman Pelangi in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 320K and a median price per square foot (PSF) of RM 139.
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 320K, with most transactions falling within a stable range of RM 230K to RM 410K, and a typical market range of RM 250K to RM 390K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
Price per square foot shows a median of RM 139, though individual units vary from RM 110 to RM 168 in the core range. The broader market spans RM 114.92 to RM 162.92, indicating diverse property characteristics. The spread of RM 48.00 (IQR) and deviation of RM 29 (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.