Melaka
Melaka Tengah
Cheng
TAMAN BKT CHENG

TAMAN BKT CHENG

Area Intelligence

2021

Median Price

RM 600,000

PSF: RM 300

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Residential PSF Trends

Median Price

RM 600,000

PSF: RM 300

TAMAN BKT CHENG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, priced between RM 500K and RM 750K, with a median price of RM 600K and a median price per square foot (PSF) of RM 300.

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 600K, with most transactions falling within a stable range of RM 550K to RM 650K, and a typical market range of RM 550K to RM 650K.

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 300, though individual units vary from RM 162 to RM 437 in the core range. The broader market spans RM 238.65 to RM 360.41, indicating diverse property characteristics. A wider spread (IQR: RM 121.75) and deviation (MAD: RM 137) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BKT CHENG, Melaka Tengah, Melaka

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