Melaka
Melaka Tengah
Cheng
TAMAN CHENG PERDANA

TAMAN CHENG PERDANA

Area Intelligence

2024

Median Price

RM 350,000

PSF: RM 235

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Residential PSF Trends

Median Price

RM 345,000

PSF: RM 235

Commercial PSF Trends

Median Price

RM 575,000

RM 325 PSF

TAMAN CHENG PERDANA in Melaka Tengah, Melaka recorded 8 subsale transactions in 2024, with a median price of RM 350K and a median price per square foot (PSF) of RM 235.

This area contains both residential and commercial properties. View 38 residential properties or 9 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 350K, with most transactions falling within a stable range of RM 288K to RM 295K, and a typical market range of RM 280K to RM 295K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 235, with most transactions between RM 224 and RM 245. The usual range is RM 199.00 to RM 270.00, showing that most units are priced quite close to each other. With an IQR of RM 71.00 and MAD of RM 11, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG PERDANA, Melaka Tengah, Melaka

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