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. The median price is RM 155K, with most transactions falling within a stable range of RM 90K to RM 220K, and a typical market range of RM 85K to RM 225K.

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

The median PSF stands at RM 203, with core pricing between RM 164 and RM 242. Market pricing typically extends from RM 167.50 to RM 238.50, 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.

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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