TAMAN CHENG SETIA in Melaka Tengah, Melaka recorded 16 subsale transactions in 2023, with a median price of RM 459K and a median price per square foot (PSF) of RM 299.
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 459K, with most transactions falling within a stable range of RM 357K to RM 561K, and a typical market range of RM 422K to RM 496K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 299, with core pricing between RM 246 and RM 352. Market pricing typically extends from RM 251.00 to RM 347.00, reflecting moderate variation in unit pricing. The spread of RM 96.00 (IQR) and deviation of RM 53 (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.
