Melaka
Melaka Tengah
Bertam
CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK

Area Intelligence

2022

Median Price

RM 318,000

PSF: RM 287

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Residential PSF Trends

Median Price

RM 318,000

PSF: RM 287

CHENG 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 230.38 to RM 343.63, 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.

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CHENG MUTIARA BUSINESS PARK, Melaka Tengah, Melaka

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Transactions

7 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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

Min Size (sqft)

Max Size (sqft)

Clear

Road	Price	Land PSF	Land	Date	Type

650 sqft

Low-Cost Flat

650 sqft

Low-Cost Flat

RM 170,000

Level 1

650 sqft · RM 262 PSF

May 2022

Level 1

RM 170,000

RM 262

650 sqft

May 2022

950 sqft

Condo/Apartment

950 sqft

Condo/Apartment

RM 168,000

Level

958 sqft · RM 175 PSF

Dec 2022

RM 180,000

Level 3

958 sqft · RM 188 PSF

Jun 2022

Level	RM 168,000	RM 175	958 sqft	Dec 2022
Level 3	RM 180,000	RM 188	958 sqft	Jun 2022

1,100 sqft

Condo/Apartment

1,100 sqft

Condo/Apartment

RM 320,000

Level 2

1,109 sqft · RM 289 PSF

Dec 2022

RM 350,000

Level 4

1,109 sqft · RM 316 PSF

Dec 2022

RM 335,000

Level 9

1,109 sqft · RM 302 PSF

Oct 2022

RM 318,000

Level 5

1,109 sqft · RM 287 PSF

Apr 2022

Level 2	RM 320,000	RM 289	1,109 sqft	Dec 2022
Level 4	RM 350,000	RM 316	1,109 sqft	Dec 2022
Level 9	RM 335,000	RM 302	1,109 sqft	Oct 2022
Level 5	RM 318,000	RM 287	1,109 sqft	Apr 2022