Melaka
Melaka Tengah
Bertam
CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK

Area Intelligence

2022

Median Price

RM 318,000

PSF: RM 287

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Residential PSF Trends

Median Price

RM 318,000

PSF: RM 287

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 7 subsale transactions in 2022, with a median price of RM 318K and a median price per square foot (PSF) of RM 287.

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 318K, with most transactions falling within a stable range of RM 313K to RM 180K, and a typical market range of RM 236K to RM 180K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 287, with core pricing between RM 249 and RM 325. Market pricing typically extends from RM 230.38 to RM 343.63, reflecting moderate variation in unit pricing. With an IQR of RM 113.25 and MAD of RM 38, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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CHENG MUTIARA BUSINESS PARK, Melaka Tengah, Melaka

OSM

Track location

Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 168,000

Level

958 sqft • RM 175.00 PSF

Dec 2022

RM 180,000

Level 3

958 sqft • RM 188.00 PSF

Jun 2022

RM 170,000

Level 1

650 sqft • RM 262.00 PSF

May 2022

Road	Price	Land PSF	Land	Date	Type
Level	RM 168,000	RM 175.00	958 sqft	Dec 2022	Condo/Apartment
Level 3	RM 180,000	RM 188.00	958 sqft	Jun 2022	Condo/Apartment
Level 1	RM 170,000	RM 262.00	650 sqft	May 2022	Low-Cost Flat