Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2023

Median Price

RM 390,000

PSF: RM 253

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Residential PSF Trends

Median Price

RM 390,000

PSF: RM 253

Commercial PSF Trends

Median Price

RM 790,000

RM 525 PSF

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 390K and a median price per square foot (PSF) of RM 253.

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 390K, with most transactions falling within a stable range of RM 354K to RM 426K, and a typical market range of RM 350K to RM 450K.

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

The median PSF stands at RM 253, with core pricing between RM 209 and RM 297. Market pricing typically extends from RM 106.55 to RM 400.05, reflecting moderate variation in unit pricing. The spread of RM 293.50 (IQR) and deviation of RM 44 (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.

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TAMAN CHENG BARU, Melaka Tengah, Melaka

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