| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 4
|
RM 82,000
|
RM 115
|
710 sqft
|
|
|
|
Level 2
|
RM 88,000
|
RM 126
|
700 sqft
|
|
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Market Snapshot
ResidentialRM 119,000
RM 165 psfMedian transaction price
Cheng Height, 75260 Cheng, Melaka, Malaysia
MapsCheng Mutiara Business Park in Melaka Tengah, Melaka recorded 4 Low-Cost Flat properties subsale transactions between 2021 and 2026, with a median price of RM 119K and a median price per square foot (PSF) of RM 165.
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 119K, with most transactions falling within a stable range of RM 82K to RM 157K, and a typical market range of RM 82K to RM 170K.
Within the Low-Cost Flat category, condominium/apartment dominated the market, though some variety exists in the market.
Price per square foot shows a median of RM 165, though individual units vary from RM 105 to RM 225 in the core range. The broader market spans RM 108.73 to RM 221.98, indicating diverse property characteristics. A wider spread (IQR: RM 113.25) and deviation (MAD: RM 60) indicate significant PSF variations, likely due to diverse property types or conditions.
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.