Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Jalan Seri 5
|
RM 620,000
|
RM 212
|
2,928 sqft
|
|
2-Sty Shop |
|
Jalan Seri 5
|
RM 900,000
|
RM 256
|
3,520 sqft
|
|
2-Sty Shop |
|
Jalan Seri 6
|
RM 400,000
|
RM 212
|
1,884 sqft
|
|
2-Sty Terrace |
|
Jalan Seri 7
|
RM 645,000
|
RM 220
|
2,928 sqft
|
|
2-Sty Shop |
|
Jalan Taman Cheng Baru
|
RM 1,100,000
|
RM 356
|
3,089 sqft
|
|
2-Sty Shop |
|
Jalan Cantik
|
RM 587,000
|
RM 203
|
2,885 sqft
|
|
2-Sty Shop |
|
Jalan Cb 2
|
RM 770,000
|
RM 477
|
1,615 sqft
|
|
2-Sty Shop |
|
Taman Cheng Baru
|
RM 350,000
|
RM 250
|
1,399 sqft
|
|
2-Sty Terrace |
|
Jalan Seri 5
|
RM 880,000
|
RM 301
|
2,928 sqft
|
|
2-Sty Shop |
|
Jalan Cb 2
|
RM 363,000
|
RM 225
|
1,615 sqft
|
|
2-Sty Terrace |
|
Jalan Molek
|
RM 360,000
|
RM 265
|
1,356 sqft
|
|
2-Sty Terrace |
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Market Snapshot
RM 361,500
RM 237 psfMedian transaction price
RM 770,000
RM 256 psfMedian transaction price
Taman Cheng Baru, 75260 Cheng, Melaka, Malaysia
MapsTaman 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 250.
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 376K to RM 864K, and a typical market range of RM 418K to RM 823K.
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 250, though individual units vary from RM 172 to RM 328 in the core range. The broader market spans RM 103.37 to RM 396.87, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 78) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.