Melaka
Melaka Tengah
Cheng
TAMAN CHENG JAYA FASA 2

TAMAN CHENG JAYA FASA 2

Area Intelligence

2022

Median Price

RM 192,500

PSF: RM 161

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Residential PSF Trends

Median Price

RM 192,500

PSF: RM 161

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 180K to RM 208K, and a typical market range of RM 180K 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 148 and RM 174. 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 13, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG JAYA FASA 2, Melaka Tengah, Melaka

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Transactions

4 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

1,200 sqft

Single Storey Terraced

1,200 sqft

Single Storey Terraced

RM 200,000

JALAN CHENG JAYA 7

1,195 sqft · RM 167 PSF

Jun 2022

RM 180,000

JALAN CHENG JAYA 10

1,195 sqft · RM 151 PSF

Jun 2022

RM 220,000

JALAN CHENG JAYA 4

1,195 sqft · RM 184 PSF

May 2022

RM 185,000

JALAN CHENG JAYA 3

1,195 sqft · RM 155 PSF

Apr 2022

JALAN CHENG JAYA 7	RM 200,000	RM 167	1,195 sqft	Jun 2022
JALAN CHENG JAYA 10	RM 180,000	RM 151	1,195 sqft	Jun 2022
JALAN CHENG JAYA 4	RM 220,000	RM 184	1,195 sqft	May 2022
JALAN CHENG JAYA 3	RM 185,000	RM 155	1,195 sqft	Apr 2022