Melaka
Melaka Tengah
Bertam
TAMAN CHENG BESTARI

TAMAN CHENG BESTARI

Area Intelligence

2022

Median Price

RM 535,000

PSF: RM 218

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TAMAN CHENG BESTARI in Melaka Tengah, Melaka recorded 4 subsale transactions in 2022, with a median price of RM 535K and a median price per square foot (PSF) of RM 218.

This area contains both residential and commercial properties. View 3 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 535K, with most transactions falling within a stable range of RM 454K to RM 600K, and a typical market range of RM 478K to RM 593K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 218, with most transactions between RM 201 and RM 235. The usual range is RM 178.15 to RM 258.15, showing that most units are priced quite close to each other. With an IQR of RM 80.00 and MAD of RM 17, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG BESTARI, Melaka Tengah, Melaka

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