Melaka
Melaka Tengah
Cheng
TAMAN BKT CHENG

TAMAN BKT CHENG

Area Intelligence

2021

Median Price

RM 600,000

PSF: RM 154

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Residential PSF Trends

Median Price

RM 600,000

PSF: RM 154

Commercial PSF Trends

Median Price

RM 380,000

RM 287 PSF

TAMAN BKT CHENG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 600K and a median price per square foot (PSF) of RM 154.

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.

For price per square foot, the median is RM 154, with most transactions between RM 145 and RM 162. The usual range is RM 92.63 to RM 214.38, showing that most units are priced quite close to each other. With an IQR of RM 121.75 and MAD of RM 9, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BKT CHENG, Melaka Tengah, Melaka

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