Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Cb 1
|
RM 780,000
|
RM 266
|
2,928 sqft
|
|
2-Sty Shop |
|
Lorong Molek 4
|
RM 450,000
|
RM 332
|
1,356 sqft
|
|
2-Sty Terrace |
|
Jalan C.b 2
|
RM 568,000
|
RM 271
|
2,099 sqft
|
|
2-Sty Terrace |
|
Jalan Cb 2
|
RM 758,000
|
RM 331
|
2,293 sqft
|
|
2-Sty Terrace |
|
Jalan Cb 2
|
RM 380,000
|
RM 235
|
1,615 sqft
|
|
2-Sty Terrace |
|
Lorong 5
|
RM 350,000
|
RM 217
|
1,615 sqft
|
|
2-Sty Terrace |
|
Jalan Cb 1
|
RM 800,000
|
RM 273
|
2,928 sqft
|
|
2-Sty Shop |
|
Jalan Cb 1
|
RM 670,000
|
RM 229
|
2,928 sqft
|
|
2-Sty Shop |
|
Jalan Seri 1
|
RM 250,000
|
RM 252
|
990 sqft
|
|
2-Sty Terrace |
|
Jalan Ayu
|
RM 260,000
|
RM 192
|
1,356 sqft
|
|
2-Sty Terrace |
|
Jalan Ayu
|
RM 400,000
|
RM 271
|
1,475 sqft
|
|
2-Sty Terrace |
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Market Snapshot
RM 390,000
RM 262 psfMedian transaction price
RM 780,000
RM 266 psfMedian transaction price
Taman Cheng Baru, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Baru in Melaka Tengah, Melaka recorded 11 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 266.
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 450K, with most transactions falling within a stable range of RM 251K to RM 649K, and a typical market range of RM 250K to RM 653K.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 266, with core pricing between RM 225 and RM 308. Market pricing typically extends from RM 119.66 to RM 413.16, reflecting moderate variation in unit pricing. The spread of RM 293.50 (IQR) and deviation of RM 41 (MAD) suggest moderate price variations reflecting different property features.
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.