Melaka
Melaka Tengah
Cheng
TAMAN CHENG BARU

TAMAN CHENG BARU

Area Intelligence

2022

Median Price

RM 640,000

PSF: RM 266

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 400,000

PSF: RM 196

Commercial PSF Trends

Median Price

RM 880,000

RM 336 PSF

TAMAN CHENG BARU in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 640K 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 640K, with most transactions falling within a stable range of RM 400K to RM 880K, and a typical market range of RM 438K to RM 843K.

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 266, though individual units vary from RM 196 to RM 336 in the core range. The broader market spans RM 119.25 to RM 412.75, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 70) 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.

Loading map...

TAMAN CHENG BARU, Melaka Tengah, Melaka

OSM