CHENG MUTIARA BUSINESS PARK

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 292K to RM 364K, and a typical market range of RM 246K to RM 410K.

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

For price per square foot, the median is RM 296, with most transactions between RM 272 and RM 321. The usual range is RM 239.38 to RM 352.63, showing that most units are priced quite close to each other. With an IQR of RM 113.25 and MAD of RM 25, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.