TAMAN CHENG BARU

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 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.

Price per square foot shows a median of RM 247, though individual units vary from RM 117 to RM 377 in the core range. The broader market spans RM 100.25 to RM 393.75, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 130) 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.