CHENG MUTIARA BUSINESS PARK Property Investment Analysis
CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 20 subsale transactions between 2021 and 2025, with a median price of RM 307K and a median price per square foot (PSF) of RM 277.
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 307K, with most transactions falling within a stable range of RM 271K to RM 343K, and a typical market range of RM 225K to RM 385K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM 277, with most transactions between RM 252 and RM 301. The usual range is RM 219.88 to RM 333.13, showing that most units are priced quite close to each other. With an IQR of RM 113.25 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.
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. Moderate transaction volume may require patience when buying or selling.
ADVANCED FILTERS
TRANSACTIONS
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
---|---|---|---|---|---|
Condominium/Apartment |
|
RM 385,000
|
RM 347.00
|
1,109 sqft
|
May 2024
|
Condominium/Apartment |
|
RM 330,000
|
RM 300.00
|
1,100 sqft
|
May 2024
|
Condominium/Apartment |
|
RM 295,000
|
RM 266.00
|
1,109 sqft
|
Mar 2024
|
Low-Cost Flat |
|
RM 82,000
|
RM 115.00
|
710 sqft
|
Feb 2024
|
Condominium/Apartment |
|
RM 330,000
|
RM 298.00
|
1,109 sqft
|
Feb 2024
|
Low-Cost Flat |
|
RM 150,000
|
RM 205.00
|
732 sqft
|
Jan 2024
|
Condominium/Apartment |
|
RM 328,000
|
RM 296.00
|
1,109 sqft
|
Jan 2024
|
Condominium/Apartment |
|
RM 288,000
|
RM 260.00
|
1,109 sqft
|
Dec 2023
|
Condominium/Apartment |
|
RM 330,000
|
RM 298.00
|
1,109 sqft
|
Sep 2023
|
Condominium/Apartment |
|
RM 160,000
|
RM 167.00
|
958 sqft
|
Aug 2023
|
Condominium/Apartment |
|
RM 330,000
|
RM 298.00
|
1,109 sqft
|
Apr 2023
|
Condominium/Apartment |
|
RM 350,000
|
RM 316.00
|
1,109 sqft
|
Dec 2022
|
Condominium/Apartment |
|
RM 320,000
|
RM 289.00
|
1,109 sqft
|
Dec 2022
|
Condominium/Apartment |
|
RM 168,000
|
RM 175.00
|
958 sqft
|
Dec 2022
|
Condominium/Apartment |
|
RM 335,000
|
RM 302.00
|
1,109 sqft
|
Oct 2022
|
Condominium/Apartment |
|
RM 180,000
|
RM 188.00
|
958 sqft
|
Jun 2022
|
Low-Cost Flat |
|
RM 170,000
|
RM 262.00
|
650 sqft
|
May 2022
|
Condominium/Apartment |
|
RM 318,000
|
RM 287.00
|
1,109 sqft
|
Apr 2022
|
Low-Cost Flat |
|
RM 88,000
|
RM 126.00
|
700 sqft
|
Dec 2021
|
Condominium/Apartment |
|
RM 160,000
|
RM 167.00
|
958 sqft
|
Oct 2021
|