CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 116K and a median price per square foot (PSF) of RM 160.

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 116K, with most transactions falling within a stable range of RM 80K to RM 152K, and a typical market range of RM 34K to RM 198K.

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

The median PSF stands at RM 160, with core pricing between RM 136 and RM 185. Market pricing typically extends from RM 103.38 to RM 216.63, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 25 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.