Melaka
Melaka Tengah
Bertam
CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK

Area Intelligence

2022

Median Price

RM 170,000

PSF: RM 188

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Residential PSF Trends

Median Price

RM 170,000

PSF: RM 188

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 170K and a median price per square foot (PSF) of RM 188.

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 170K, with most transactions falling within a stable range of RM 168K to RM 175K, and a typical market range of RM 168K to RM 180K.

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

Price per square foot shows a median of RM 188, though individual units vary from RM 150 to RM 226 in the core range. The broader market spans RM 131.38 to RM 244.63, indicating diverse property characteristics. The spread of RM 113.25 (IQR) and deviation of RM 38 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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CHENG MUTIARA BUSINESS PARK, Melaka Tengah, Melaka

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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)

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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