TAMAN BKT CHENG

TAMAN BKT CHENG in Melaka Tengah, Melaka recorded 16 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 390K and a median price per square foot (PSF) of RM 259.

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 390K, with most transactions falling within a stable range of RM 335K to RM 445K, and a typical market range of RM 300K to RM 481K.

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 259, though individual units vary from RM 187 to RM 330 in the core range. The broader market spans RM 197.96 to RM 319.72, indicating diverse property characteristics. A wider spread (IQR: RM 121.75) and deviation (MAD: RM 72) 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.