|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2021 | |||||
|
Jalan Tbc 4
|
RM 550,000
|
RM 437
|
1,259 sqft
|
|
2-Sty Terrace |
|
Jalan Tbc 16
|
RM 380,000
|
RM 302
|
1,259 sqft
|
|
2-Sty Terrace |
|
Level G
|
RM 388,000
|
RM 370
|
1,050 sqft
|
|
Townhouse |
|
Lorong 1
|
RM 650,000
|
RM 162
|
4,004 sqft
|
|
Semi-D |
|
Off Jalan Cheng Lama
|
RM 416,000
|
RM 270
|
1,539 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 416,000
RM 302 psfMedian transaction price
Taman Bukit Cheng, 75260 Melaka, Malaysia
MapsTaman Bkt Cheng in Melaka Tengah, Melaka recorded 5 subsale transactions in 2021, with a median price of RM 416K and a median price per square foot (PSF) of RM 302.
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 416K, with most transactions falling within a stable range of RM 380K to RM 522K, and a typical market range of RM 380K to RM 506K.
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 302, though individual units vary from RM 209 to RM 395 in the core range. The broader market spans RM 240.24 to RM 363.24, indicating diverse property characteristics. A wider spread (IQR: RM 123.00) and deviation (MAD: RM 93) indicate significant PSF variations, likely due to diverse property types or conditions.
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.