| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Cheng Jaya 12
|
RM 230,000
|
RM 193
|
1,195 sqft
|
|
|
|
Jalan Cheng Jaya 1
|
RM 230,000
|
RM 193
|
1,195 sqft
|
|
|
|
Jalan Cheng Jaya 3
|
RM 250,000
|
RM 209
|
1,195 sqft
|
|
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Market Snapshot
ResidentialRM 230,000
RM 193 psfMedian transaction price
Taman Cheng Jaya, 75250 Melaka, Malaysia
MapsTaman Cheng Jaya Fasa 2 in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 230K and a median price per square foot (PSF) of RM 193.
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 230K, with most transactions falling within a stable range of RM 230K to RM 239K, and a typical market range of RM 230K to RM 250K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 193, with most transactions between RM 185 and RM 200. The usual range is RM 168.50 to RM 216.50, 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 8 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. 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.