Melaka
Melaka Tengah
Cheng
TAMAN CHENG INDAH

TAMAN CHENG INDAH

Area Intelligence

2021

Median Price

RM 484,000

PSF: RM 144

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Residential PSF Trends

Median Price

RM 484,000

PSF: RM 144

Commercial PSF Trends

Median Price

RM 481,000

RM 312 PSF

TAMAN CHENG INDAH in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 484K and a median price per square foot (PSF) of RM 144.

This area contains both residential and commercial properties. View 2 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 484K, with most transactions falling within a stable range of RM 248K to RM 720K, and a typical market range of RM 464K to RM 504K.

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 144, with most transactions between RM 141 and RM 147. The usual range is RM 79.50 to RM 208.50, showing that most units are priced quite close to each other. With an IQR of RM 129.00 and MAD of RM 3, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG INDAH, Melaka Tengah, Melaka

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