TAMAN CHENG BARU

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 37 subsale transactions between 2021 and 2025, with a median price of RM 650K and a median price per square foot (PSF) of RM 397.

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 650K, with most transactions falling within a stable range of RM 358K to RM 942K, and a typical market range of RM 448K to RM 853K.

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 397, though individual units vary from RM 251 to RM 543 in the core range. The broader market spans RM 250.25 to RM 543.75, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 146) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.