Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2023

Median Price

RM 450,000

PSF: RM 266

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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 266.

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 568K to RM 501K, and a typical market range of RM 568K to RM 653K.

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 266, with most transactions between RM 246 and RM 287. The usual range is RM 119.66 to RM 413.16, showing that most units are priced quite close to each other. With an IQR of RM 293.50 and MAD of RM 21, 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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