Selling in Rum Awam Kemuning? Homes here sold for a median of RM57,500.
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Market Snapshot
ResidentialRM57,500
RM49 psfMedian transaction price
Taman Rumah Awam, 78000 Alor Gajah, Melaka, Malaysia
MapsRum Awam Kemuning in Alor Gajah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM58K and a median price per square foot (PSF) of RM49.
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 RM58K, with most transactions falling within a stable range of RM55K to RM60K, and a typical market range of RM55K to RM60K.
Most transactions involved low-cost house, with minimal variety in property types.
For price per square foot, the median is RM49, with most transactions between RM47 and RM52. The usual range is RM28.71 to RM70.21, showing that most units are priced quite close to each other. A typical spread (IQR) of RM41.50 and an average deviation (MAD) of RM2 indicate a highly stable PSF trend across properties.
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.