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Market Snapshot
ResidentialRM 409,000
RM 224 psfMedian transaction price
24, Jalan Cs 3, Taman Cheng Setia, 76450 Melaka, Malaysia
MapsTaman Cheng Setia in Melaka Tengah, Melaka recorded 2 subsale transactions between 2021 and 2026, sized between 1,825 and 1,874 sqft, with a median price of RM 409K and a median price per square foot (PSF) of RM 224.
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 409K, with most transactions falling within a stable range of RM 350K to RM 468K, and a typical market range of RM 372K to RM 446K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 224, with core pricing between RM 191 and RM 256. Market pricing typically extends from RM 175.51 to RM 271.51, 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.