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Melaka, Melaka Tengah, Bertam

CHENG MUTIARA BUSINESS PARK

Area Intelligence
2024
Median Price
RM 328,000
PSF: RM 296
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Residential PSF Trends

Median Price

RM 328,000

PSF: RM 296

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 7 subsale transactions in 2024, with a median price of RM 328K and a median price per square foot (PSF) of RM 296.

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 328K, with most transactions falling within a stable range of RM 225K to RM 385K, and a typical market range of RM 246K to RM 385K.

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

Price per square foot shows a median of RM 296, though individual units vary from RM 224 to RM 368 in the core range. The broader market spans RM 239.38 to RM 352.63, indicating diverse property characteristics. The spread of RM 113.25 (IQR) and deviation of RM 72 (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.

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CHENG MUTIARA BUSINESS PARK, Melaka Tengah, Melaka

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Transactions

7 transactions grouped by size

View Type

Grouped View Individual View

Property Type

All Types
Categories
Residential Commercial
Specific Types
Single Storey Semi-D Single Storey Shop Single Storey Terraced Double Storey Semi-D Double Storey Shop Double Storey Terraced 3-Storey Shop 4-Storey Shop 5-Storey Shop 6-Storey Shop Cluster House Condo/Apartment Bungalow Detached Factory Flat Industrial Unit Low-Cost Flat Low-Cost House Office Lot SOHO/SOFO/SOVO Semi-D Factory Service Apartment Shop/Retail Lot Terraced Factory Town House

Year

All Years 2025 2024 2023 2022 2021
Popular Ranges
Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+
Custom Range
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
Clear
700 sqft
Low-Cost Flat
RM 82,000
Level 4
710 sqft · RM 115 PSF
750 sqft
Low-Cost Flat
RM 150,000
Level 1
732 sqft · RM 205 PSF
1,100 sqft
Condo/Apartment
RM 330,000
Level 5
1,100 sqft · RM 300 PSF
RM 385,000
Level 2
1,109 sqft · RM 347 PSF
RM 295,000
Level 10
1,109 sqft · RM 266 PSF
RM 330,000
Level 7
1,109 sqft · RM 298 PSF
RM 328,000
Level 5
1,109 sqft · RM 296 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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