Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2023

Median Price

RM 450,000

PSF: RM 247

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Residential PSF Trends

Median Price

RM 390,000

PSF: RM 218

Commercial PSF Trends

Median Price

RM 780,000

RM 507 PSF

TAMAN 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 247.

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 445K to RM 260K, and a typical market range of RM 250K to RM 260K.

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

The median PSF stands at RM 247, with core pricing between RM 216 and RM 278. Market pricing typically extends from RM 100.25 to RM 393.75, reflecting moderate variation in unit pricing. With an IQR of RM 293.50 and MAD of RM 31, 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.

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TAMAN CHENG BARU, Melaka Tengah, Melaka

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