TAMAN BKT CHENG in Melaka Tengah, Melaka recorded 35 subsale transactions in 2022, with a median price of RM 350K and a median price per square foot (PSF) of RM 238.
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 350K, with most transactions falling within a stable range of RM 255K to RM 445K, and a typical market range of RM 259K to RM 441K.
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 238, though individual units vary from RM 177 to RM 300 in the core range. The broader market spans RM 177.13 to RM 298.88, indicating diverse property characteristics. A wider spread (IQR: RM 121.75) and deviation (MAD: RM 62) 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. Moderate transaction volume may require patience when buying or selling.
