Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2021

Median Price

RM 697,500

PSF: RM 453

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Residential PSF Trends

Median Price

RM 380,000

PSF: RM 234

Commercial PSF Trends

Median Price

RM 697,500

RM 453 PSF

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 698K and a median price per square foot (PSF) of RM 453.

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 698K, with most transactions falling within a stable range of RM 650K to RM 745K, and a typical market range of RM 650K to RM 745K.

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 453, with most transactions between RM 422 and RM 484. The usual range is RM 306.25 to RM 599.75, showing that most units are priced quite close to each other. With an IQR of RM 293.50 and MAD of RM 31, 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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