CHENG MUTIARA BUSINESS PARK

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.