Melaka
Melaka Tengah
Bertam
CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK

Area Intelligence

2024

Median Price

RM 116,000

PSF: RM 160

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Residential PSF Trends

Median Price

RM 116,000

PSF: RM 160

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 116K and a median price per square foot (PSF) of RM 160.

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 116K, with most transactions falling within a stable range of RM 82K to RM 150K, and a typical market range of RM 82K to RM 150K.

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

Price per square foot shows a median of RM 160, though individual units vary from RM 115 to RM 205 in the core range. The broader market spans RM 103.38 to RM 216.63, indicating diverse property characteristics. A wider spread (IQR: RM 113.25) and deviation (MAD: RM 45) indicate significant PSF variations, likely due to diverse property types or conditions.

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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