Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

Median Price

RM 880,000

PSF: RM 336

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Residential PSF Trends

Median Price

RM 400,000

PSF: RM 169

Commercial PSF Trends

Median Price

RM 1,200,000

RM 548 PSF

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 880K and a median price per square foot (PSF) of RM 336.

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.

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 336, with most transactions between RM 309 and RM 364. The usual range is RM 189.25 to RM 482.75, showing that most units are priced quite close to each other. With an IQR of RM 293.50 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG BARU, Melaka Tengah, Melaka

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