TAMAN CHENG PERDANA in Melaka Tengah, Melaka recorded 18 subsale transactions in 2023, with a median price of RM 390K and a median price per square foot (PSF) of RM 248.
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 390K, with most transactions falling within a stable range of RM 325K to RM 455K, and a typical market range of RM 320K to RM 460K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 248, with core pricing between RM 209 and RM 287. Market pricing typically extends from RM 212.50 to RM 283.50, reflecting moderate variation in unit pricing. The spread of RM 71.00 (IQR) and deviation of RM 39 (MAD) suggest moderate price variations reflecting different property features.
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.
