Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2022

Median Price

RM 620,000

PSF: RM 368

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Residential PSF Trends

Median Price

RM 361,500

PSF: RM 231

Commercial PSF Trends

Median Price

RM 770,000

RM 397 PSF

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 11 subsale transactions in 2022, with a median price of RM 620K and a median price per square foot (PSF) of RM 368.

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 620K, with most transactions falling within a stable range of RM 601K to RM 400K, and a typical market range of RM 418K to RM 400K.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 368, with most transactions between RM 352 and RM 384. The usual range is RM 221.25 to RM 514.75, showing that most units are priced quite close to each other. With an IQR of RM 293.50 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN CHENG BARU, Melaka Tengah, Melaka

OSM

Track location

Transactions

4 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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RM 400,000

JALAN SERI 6

2,045 sqft • RM 196.00 PSF

Oct 2022

RM 350,000

TAMAN CHENG BARU

1,539 sqft • RM 227.00 PSF

Jun 2022

RM 363,000

JALAN CB 2

1,539 sqft • RM 236.00 PSF

Apr 2022

RM 360,000

JALAN MOLEK

1,539 sqft • RM 234.00 PSF

Mar 2022

Road	Price	Land PSF	Land	Date	Type
JALAN SERI 6	RM 400,000	RM 196.00	2,045 sqft	Oct 2022	Double Storey Terraced
TAMAN CHENG BARU	RM 350,000	RM 227.00	1,539 sqft	Jun 2022	Double Storey Terraced
JALAN CB 2	RM 363,000	RM 236.00	1,539 sqft	Apr 2022	Double Storey Terraced
JALAN MOLEK	RM 360,000	RM 234.00	1,539 sqft	Mar 2022	Double Storey Terraced