Melaka
Melaka Tengah
Bertam
CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK

Area Intelligence

2023

Median Price

RM 309,000

PSF: RM 279

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Residential PSF Trends

Median Price

RM 309,000

PSF: RM 279

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 309K and a median price per square foot (PSF) of RM 279.

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 309K, with most transactions falling within a stable range of RM 245K to RM 288K, and a typical market range of RM 227K to RM 288K.

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

The median PSF stands at RM 279, with core pricing between RM 233 and RM 326. Market pricing typically extends from RM 222.38 to RM 335.63, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 47 (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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