CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 3 subsale transactions in 2022, with a median price of RM 170K and a median price per square foot (PSF) of RM 188.

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 170K, with most transactions falling within a stable range of RM 134K to RM 206K, and a typical market range of RM 88K to RM 252K.

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

The median PSF stands at RM 188, with core pricing between RM 164 and RM 213. Market pricing typically extends from RM 131.38 to RM 244.63, reflecting moderate variation in unit pricing. 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.