Melaka
Melaka Tengah
Bertam
TAMAN CHENG BESTARI

TAMAN CHENG BESTARI

Area Intelligence

2024

Median Price

RM 530,000

PSF: RM 269

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Residential PSF Trends

Median Price

RM 530,000

PSF: RM 269

Commercial PSF Trends

Median Price

RM 535,000

RM 382 PSF

TAMAN CHENG BESTARI in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 530K and a median price per square foot (PSF) of RM 269.

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 530K, with most transactions falling within a stable range of RM 460K to RM 600K, and a typical market range of RM 473K to RM 588K.

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

Price per square foot shows a median of RM 269, though individual units vary from RM 209 to RM 329 in the core range. The broader market spans RM 229.00 to RM 309.00, indicating diverse property characteristics. The spread of RM 80.00 (IQR) and deviation of RM 60 (MAD) suggest moderate price variations reflecting different property features.

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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