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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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 460K to RM 508K, 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.

The median PSF stands at RM 144, with core pricing between RM 123 and RM 166. Market pricing typically extends from RM 79.50 to RM 208.50, reflecting moderate variation in unit pricing. With an IQR of RM 129.00 and MAD of RM 22, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG INDAH, Melaka Tengah, Melaka

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