Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2024

Median Price

RM 815,000

PSF: RM 549

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Residential PSF Trends

Median Price

RM 390,000

PSF: RM 253

Commercial PSF Trends

Median Price

RM 840,000

RM 550 PSF

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 12 subsale transactions in 2024, with a median price of RM 815K and a median price per square foot (PSF) of RM 549.

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 815K, with most transactions falling within a stable range of RM 1.20 million to RM 1.04 million, and a typical market range of RM 1.20 million to RM 1.02 million.

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 549, with most transactions between RM 541 and RM 556. The usual range is RM 401.75 to RM 695.25, showing that most units are priced quite close to each other. With an IQR of RM 293.50 and MAD of RM 8, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG BARU, Melaka Tengah, Melaka

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