Melaka
Melaka Tengah
Bertam
CHENG HEIGHTS CONDOMINIUM

CHENG HEIGHTS CONDOMINIUM

Area Intelligence

2023

Median Price

RM 355,000

PSF: RM 304

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CHENG HEIGHTS CONDOMINIUM in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 355K and a median price per square foot (PSF) of RM 304.

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 355K, with most transactions falling within a stable range of RM 350K to RM 360K, and a typical market range of RM 350K to RM 360K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 304, with most transactions between RM 283 and RM 325. The usual range is RM 282.48 to RM 324.98, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.50 and an average deviation (MAD) of RM 21 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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CHENG HEIGHTS CONDOMINIUM, Melaka Tengah, Melaka

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