TAMAN CHENG JAYA FASA 2

TAMAN CHENG JAYA FASA 2 in Melaka Tengah, Melaka recorded 4 subsale transactions in 2022, with a median price of RM 193K and a median price per square foot (PSF) of RM 161.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 193K, with most transactions falling within a stable range of RM 163K to RM 223K, and a typical market range of RM 168K to RM 218K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 161, with most transactions between RM 145 and RM 177. The usual range is RM 134.00 to RM 188.00, showing that most units are priced quite close to each other. With an IQR of RM 54.00 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.