| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Cheng Jaya 7
|
RM 200,000
|
RM 167
|
1,195 sqft
|
|
|
|
Jalan Cheng Jaya 10
|
RM 180,000
|
RM 151
|
1,195 sqft
|
|
|
|
Jalan Cheng Jaya 4
|
RM 220,000
|
RM 184
|
1,195 sqft
|
|
|
|
Jalan Cheng Jaya 3
|
RM 185,000
|
RM 155
|
1,195 sqft
|
|
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Market Snapshot
ResidentialRM 192,500
RM 161 psfMedian transaction price
Taman Cheng Jaya, 75250 Melaka, Malaysia
MapsTaman 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 220K.
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 137.12 to RM 185.12, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 48.00 and an average deviation (MAD) of RM 13 indicate a highly stable PSF trend across properties.
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.