Property Type
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Market Snapshot
RM 375,000
RM 199 psfMedian transaction price
RM 790,000
RM 525 psfMedian transaction price
Taman Cheng Baru, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Baru in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 1,875 and 1,924 sqft, with a median price of RM 375K and a median price per square foot (PSF) of RM 199.
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 375K, with most transactions falling within a stable range of RM 350K to RM 400K, and a typical market range of RM 350K 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 199, with most transactions between RM 186 and RM 212. The usual range is RM 52.33 to RM 345.83, showing that most units are priced quite close to each other. With an IQR of RM 293.50 and MAD of RM 13, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.