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 414K to RM 516K, 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.

Price per square foot shows a median of RM 291, though individual units vary from RM 230 to RM 351 in the core range. The broader market spans RM 242.50 to RM 338.50, indicating diverse property characteristics. The spread of RM 96.00 (IQR) and deviation of RM 61 (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. 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.