|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Level
|
RM 168,000
|
RM 175
|
958 sqft
|
|
Condo |
|
Level 2
|
RM 320,000
|
RM 289
|
1,109 sqft
|
|
Condo |
|
Level 4
|
RM 350,000
|
RM 316
|
1,109 sqft
|
|
Condo |
|
Level 9
|
RM 335,000
|
RM 302
|
1,109 sqft
|
|
Condo |
|
Level 3
|
RM 180,000
|
RM 188
|
958 sqft
|
|
Condo |
|
Level 1
|
RM 170,000
|
RM 262
|
650 sqft
|
|
LC Flat |
|
Level 5
|
RM 318,000
|
RM 287
|
1,109 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 318,000
RM 287 psfMedian transaction price
Cheng Height, 75260 Cheng, Melaka, Malaysia
MapsCheng 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 239K to RM 350K, and a typical market range of RM 236K to RM 350K.
Most transactions involved condominium/apartment, though some variety exists in the market.
The median PSF stands at RM 287, with core pricing between RM 235 and RM 339. Market pricing typically extends from RM 230.20 to RM 343.46, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 52 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.