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. The median price is RM 880K, with most transactions falling within a stable range of RM 675K to RM 1.09 million, and a typical market range of RM 678K to RM 1.08 million.
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 336, though individual units vary from RM 186 to RM 486 in the core range. The broader market spans RM 189.25 to RM 482.75, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 150) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
