Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Jalan Seri 7
|
RM 1,640,000
|
RM 531
|
3,089 sqft
|
|
2-Sty Shop |
|
Jalan Cb 1
|
RM 1,200,000
|
RM 304
|
3,950 sqft
|
|
2-Sty Shop |
| 2022 | |||||
|
Jalan Seri 5
|
RM 900,000
|
RM 256
|
3,520 sqft
|
|
2-Sty Shop |
|
Jalan Taman Cheng Baru
|
RM 1,100,000
|
RM 356
|
3,089 sqft
|
|
2-Sty Shop |
| 2021 | |||||
|
Jalan Seri 4
|
RM 800,000
|
RM 103
|
7,793 sqft
|
|
Semi-D |
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Market Snapshot
RM 800,000
RM 103 psfMedian transaction price
RM 1,150,000
RM 330 psfMedian transaction price
Taman Cheng Baru, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Baru in Melaka Tengah, Melaka recorded 5 subsale transactions between 2021 and 2026, sized between 3,000 and 10,000 sqft, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 304.
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 1.10 million, with most transactions falling within a stable range of RM 808K to RM 1.39 million, and a typical market range of RM 898K to RM 1.30 million.
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 304, though individual units vary from RM 165 to RM 443 in the core range. The broader market spans RM 157.02 to RM 450.52, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 139) 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.