Melaka
Melaka Tengah
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CHENG HEIGHTS CONDOMINIUM

CHENG HEIGHTS CONDOMINIUM

Area Intelligence

2024

Median Price

RM 322,500

PSF: RM 276

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Residential PSF Trends

Median Price

RM 322,500

PSF: RM 276

CHENG HEIGHTS CONDOMINIUM in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 323K and a median price per square foot (PSF) of RM 276.

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 323K, with most transactions falling within a stable range of RM 310K to RM 335K, and a typical market range of RM 310K to RM 335K.

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

For price per square foot, the median is RM 276, with most transactions between RM 250 and RM 302. The usual range is RM 254.75 to RM 297.25, 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 26 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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