Melaka
Melaka Tengah
Cheng
TAMAN CHENG INDAH

TAMAN CHENG INDAH

Area Intelligence

2023

Median Price

RM 491,000

PSF: RM 319

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Residential PSF Trends

Median Price

RM 484,000

PSF: RM 144

Commercial PSF Trends

Median Price

RM 491,000

RM 319 PSF

TAMAN CHENG INDAH in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 491K and a median price per square foot (PSF) of RM 319.

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 491K, with most transactions falling within a stable range of RM 467K to RM 515K, and a typical market range of RM 471K to RM 511K.

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 319, with most transactions between RM 303 and RM 334. The usual range is RM 254.00 to RM 383.00, showing that most units are priced quite close to each other. With an IQR of RM 129.00 and MAD of RM 16, 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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