TAMAN BKT CHENG in Melaka Tengah, Melaka recorded 29 subsale transactions in 2023, with a median price of RM 430K and a median price per square foot (PSF) of RM 264.
This area contains both residential and commercial properties. View 88 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 430K, with most transactions falling within a stable range of RM 335K to RM 525K, and a typical market range of RM 339K to RM 521K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 264, though individual units vary from RM 203 to RM 326 in the core range. The broader market spans RM 203.13 to RM 324.88, indicating diverse property characteristics. The spread of RM 121.75 (IQR) and deviation of RM 62 (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.
