Melaka
Melaka Tengah
Cheng
TAMAN CHENG PERDANA

TAMAN CHENG PERDANA

Area Intelligence

2023

Median Price

RM 155,000

PSF: RM 203

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Residential PSF Trends

Median Price

RM 155,000

PSF: RM 203

Commercial PSF Trends

Median Price

RM 430,000

RM 274 PSF

TAMAN CHENG PERDANA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 155K and a median price per square foot (PSF) of RM 203.

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.

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 203, with most transactions between RM 203 and RM 203. The usual range is RM 167.50 to RM 238.50, showing that most units are priced quite close to each other. With an IQR of RM 71.00 and MAD of RM 0, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CHENG PERDANA, Melaka Tengah, Melaka

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