|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 4
|
RM 160,000
|
RM 167
|
958 sqft
|
|
Condo |
| 2022 | |||||
|
Level
|
RM 168,000
|
RM 175
|
958 sqft
|
|
Condo |
|
Level 3
|
RM 180,000
|
RM 188
|
958 sqft
|
|
Condo |
| 2021 | |||||
|
Level 5
|
RM 160,000
|
RM 167
|
958 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 164,000
RM 171 psfMedian transaction price
Cheng Height, 75260 Cheng, Melaka, Malaysia
MapsCheng Mutiara Business Park in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2026, sized between 925 and 974 sqft, with a median price of RM 164K and a median price per square foot (PSF) of RM 171.
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 164K, with most transactions falling within a stable range of RM 160K to RM 172K, and a typical market range of RM 160K to RM 180K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM 171, with most transactions between RM 163 and RM 180. The usual range is RM 114.57 to RM 227.82, showing that most units are priced quite close to each other. With an IQR of RM 113.25 and MAD of RM 9, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.