| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong 4, Jalan Pulau Gadong 6
|
RM 350,000
|
RM 211
|
1,658 sqft
|
|
|
Jalan Pulau Gadong 4
|
RM 415,000
|
RM 189
|
2,196 sqft
|
|
|
Jalan Pg 6
|
RM 430,000
|
RM 94
|
4,596 sqft
|
|
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Market Snapshot
ResidentialRM 415,000
RM 189 psfMedian transaction price
Taman Pelangi, 75450 Ayer Keroh, Melaka, Malaysia
MapsTaman Pelangi in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 415K and a median price per square foot (PSF) of RM 189.
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 415K, with most transactions falling within a stable range of RM 380K to RM 430K, and a typical market range of RM 350K to RM 430K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
Price per square foot shows a median of RM 189, though individual units vary from RM 138 to RM 240 in the core range. The broader market spans RM 164.99 to RM 212.99, indicating diverse property characteristics. A wider spread (IQR: RM 48.00) and deviation (MAD: RM 51) indicate significant PSF variations, likely due to diverse property types or conditions.
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.