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.

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

For price per square foot, the median is RM 279, with most transactions between RM 279 and RM 279. The usual range is RM 222.38 to RM 335.63, showing that most units are priced quite close to each other. With an IQR of RM 113.25 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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CHENG MUTIARA BUSINESS PARK, Melaka Tengah, Melaka

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