TAMAN RAMBAI UTAMA

TAMAN RAMBAI UTAMA in Melaka Tengah, Melaka recorded 23 subsale transactions in 2023, with a median price of RM 220K and a median price per square foot (PSF) of RM 182.

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 220K, with most transactions falling within a stable range of RM 151K to RM 289K, and a typical market range of RM 200K to RM 240K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

Price per square foot shows a median of RM 182, though individual units vary from RM 141 to RM 223 in the core range. The broader market spans RM 160.38 to RM 203.63, indicating diverse property characteristics. The spread of RM 43.25 (IQR) and deviation of RM 41 (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. Moderate transaction volume may require patience when buying or selling.