|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Level 1
|
RM 250,000
|
RM 238
|
1,050 sqft
|
|
Townhouse |
|
Level 1
|
RM 280,000
|
RM 267
|
1,050 sqft
|
|
Townhouse |
| 2021 | |||||
|
Level G
|
RM 388,000
|
RM 370
|
1,050 sqft
|
|
Townhouse |
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Market Snapshot
ResidentialRM 280,000
RM 267 psfMedian transaction price
Taman Bukit Cheng, 75260 Melaka, Malaysia
MapsTaman Bkt Cheng in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2026, sized between 1,025 and 1,074 sqft, with a median price of RM 280K and a median price per square foot (PSF) of RM 267.
This area contains both residential and commercial properties. View 90 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 280K, with most transactions falling within a stable range of RM 250K to RM 339K, and a typical market range of RM 250K to RM 370K.
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 267, though individual units vary from RM 210 to RM 323 in the core range. The broader market spans RM 205.16 to RM 328.16, indicating diverse property characteristics. The spread of RM 123.00 (IQR) and deviation of RM 56 (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.