TAMAN CHENG RIA

TAMAN CHENG RIA in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 144K and a median price per square foot (PSF) of RM 172.

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 144K, with most transactions falling within a stable range of RM 121K to RM 161K, and a typical market range of RM 116K to RM 161K.

Most transactions involved condominium/apartment, with high diversity across multiple property types.

The median PSF stands at RM 172, with core pricing between RM 140 and RM 203. Market pricing typically extends from RM 140.75 to RM 202.25, reflecting moderate variation in unit pricing. The spread of RM 61.50 (IQR) and deviation of RM 31 (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.