CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 16 Condo/Apartment properties subsale transactions between 2021 and 2025 for condo/apartment properties, with a median price of RM 324K and a median price per square foot (PSF) of RM 293.

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 324K, with most transactions falling within a stable range of RM 251K to RM 385K, and a typical market range of RM 242K to RM 385K.

Within the Condo/Apartment category, condominium/apartment dominated the market, though some variety exists in the market.

The median PSF stands at RM 293, with core pricing between RM 236 and RM 349. Market pricing typically extends from RM 235.88 to RM 349.13, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 56 (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.