|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Cheng Ria 8
|
RM 243,000
|
RM 158
|
1,539 sqft
|
|
Terrace |
| 2022 | |||||
|
Jalan Cheng Ria 4
|
RM 230,000
|
RM 149
|
1,539 sqft
|
|
Terrace |
|
Jalan Cheng Ria 4
|
RM 300,000
|
RM 195
|
1,539 sqft
|
|
Terrace |
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Market Snapshot
ResidentialRM 243,000
RM 158 psfMedian transaction price
Taman Cheng Ria, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Ria in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2026, sized between 1,525 and 1,574 sqft, with a median price of RM 243K and a median price per square foot (PSF) of RM 158.
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 243K, with most transactions falling within a stable range of RM 230K to RM 273K, and a typical market range of RM 230K to RM 270K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
The median PSF stands at RM 158, with core pricing between RM 138 and RM 178. Market pricing typically extends from RM 128.25 to RM 187.50, reflecting moderate variation in unit pricing. With an IQR of RM 59.25 and MAD of RM 20, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.