|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 1
|
RM 145,000
|
RM 187
|
775 sqft
|
|
Condo |
| 2022 | |||||
|
Level 1
|
RM 200,000
|
RM 258
|
775 sqft
|
|
Condo |
|
Level 2
|
RM 110,000
|
RM 134
|
822 sqft
|
|
Condo |
| 2021 | |||||
|
Level 1
|
RM 161,000
|
RM 202
|
797 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 153,000
RM 195 psfMedian transaction price
Taman Cheng Ria, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Ria in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2026, sized between 775 and 824 sqft, with a median price of RM 153K and a median price per square foot (PSF) of RM 195.
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 153K, with most transactions falling within a stable range of RM 121K to RM 185K, and a typical market range of RM 126K to RM 180K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
Price per square foot shows a median of RM 195, though individual units vary from RM 150 to RM 239 in the core range. The broader market spans RM 164.99 to RM 224.24, indicating diverse property characteristics. The spread of RM 59.25 (IQR) and deviation of RM 44 (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. Limited transaction history suggests carefully evaluating comparable sales data.