Melaka
Melaka Tengah
Cheng
TAMAN BKT CHENG

TAMAN BKT CHENG

Area Intelligence

2023

Median Price

RM 430,000

PSF: RM 264

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Residential PSF Trends

Median Price

RM 439,000

PSF: RM 253

Commercial PSF Trends

Median Price

RM 365,000

RM 276 PSF

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.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 264, with most transactions between RM 264 and RM 264. The usual range is RM 203.13 to RM 324.88, showing that most units are priced quite close to each other. With an IQR of RM 121.75 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.

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TAMAN BKT CHENG, Melaka Tengah, Melaka

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