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PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
ResidentialRM200,000
RM114 psfMedian transaction price
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Taman Pelangi, 75450 Ayer Keroh, Melaka, Malaysia
MapsTaman Pelangi in Melaka Tengah, Melaka recorded 1 subsale transactions between 2021 and 2026, sized between 1,725 and 1,774 sqft, with a median price of RM200K and a median price per square foot (PSF) of RM114.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM114, with most transactions between RM114 and RM114. The usual range is RM89.99 to RM137.99, showing that most units are priced quite close to each other. A typical spread (IQR) of RM48.00 and an average deviation (MAD) of RM0 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.