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Market Snapshot
ResidentialRM 295,000
RM 165 psfMedian transaction price
Taman Bukit Cheng, 75260 Melaka, Malaysia
MapsTaman Bkt Cheng in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 1,775 and 1,824 sqft, with a median price of RM 295K and a median price per square foot (PSF) of RM 165.
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 295K, with most transactions falling within a stable range of RM 260K to RM 330K, and a typical market range of RM 260K to RM 330K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 165, with core pricing between RM 144 and RM 186. Market pricing typically extends from RM 103.29 to RM 226.29, reflecting moderate variation in unit pricing. With an IQR of RM 123.00 and MAD of RM 21, the PSF demonstrates reasonable consistency across the market.
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.