| Price | PSF | Size | Date | Type |
|---|
|
RM 500,000
|
RM 131
|
3,821 sqft
|
|
|
|
RM 230,000
|
RM 149
|
1,539 sqft
|
|
|
|
RM 300,000
|
RM 195
|
1,539 sqft
|
|
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Market Snapshot
ResidentialRM 155,000
RM 172 psfMedian transaction price
Taman Cheng Ria, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Ria in Melaka Tengah, Melaka recorded 40 subsale transactions between 2021 and 2026, with a median price of RM 155K and a median price per square foot (PSF) of RM 186.
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 155K, with most transactions falling within a stable range of RM 127K to RM 184K, and a typical market range of RM 128K to RM 182K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
The median PSF stands at RM 186, with core pricing between RM 156 and RM 215. Market pricing typically extends from RM 156.19 to RM 215.44, reflecting moderate variation in unit pricing. The spread of RM 59.25 (IQR) and deviation of RM 30 (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. Moderate transaction volume may require patience when buying or selling.