TAMAN CHENG SETIA

TAMAN CHENG SETIA in Melaka Tengah, Melaka recorded 10 subsale transactions in 2022, with a median price of RM 465K and a median price per square foot (PSF) of RM 291.

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 465K, with most transactions falling within a stable range of RM 416K to RM 514K, and a typical market range of RM 428K to RM 502K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 291, with core pricing between RM 259 and RM 323. Market pricing typically extends from RM 242.50 to RM 338.50, reflecting moderate variation in unit pricing. With an IQR of RM 96.00 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

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.