Melaka
Melaka Tengah
Tg Minyak
TAMAN RAMBAI UTAMA

TAMAN RAMBAI UTAMA

Area Intelligence

2023

Median Price

RM 220,000

PSF: RM 182

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Residential PSF Trends

Median Price

RM 220,000

PSF: RM 182

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 320K to RM 294K, and a typical market range of RM 320K to RM 240K.

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

For price per square foot, the median is RM 182, with most transactions between RM 165 and RM 199. The usual range is RM 160.25 to RM 203.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 43.50 and an average deviation (MAD) of RM 17 indicate a highly stable PSF trend across properties.

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.

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TAMAN RAMBAI UTAMA, Melaka Tengah, Melaka

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