TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 3 subsale transactions in 2021, with a median price of RM 745K and a median price per square foot (PSF) of RM 422.
This area contains both residential and commercial properties. View 17 residential properties or 22 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 745K, with most transactions falling within a stable range of RM 540K to RM 950K, and a typical market range of RM 543K to RM 948K.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
Price per square foot shows a median of RM 422, though individual units vary from RM 272 to RM 572 in the core range. The broader market spans RM 275.25 to RM 568.75, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 150) 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.
