Melaka
Melaka Tengah
Cheng
TAMAN CHENG UTAMA

TAMAN CHENG UTAMA

Area Intelligence

2022

Median Price

RM 456,500

PSF: RM 308

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Residential PSF Trends

Median Price

RM 230,000

PSF: RM 261

Commercial PSF Trends

Median Price

RM 456,500

RM 308 PSF

TAMAN CHENG UTAMA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 457K and a median price per square foot (PSF) of RM 308.

This area contains both residential and commercial properties. View 3 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 457K, with most transactions falling within a stable range of RM 330K to RM 583K, and a typical market range of RM 330K to RM 583K.

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

Price per square foot shows a median of RM 308, though individual units vary from RM 236 to RM 379 in the core range. The broader market spans RM 244.63 to RM 370.38, indicating diverse property characteristics. The spread of RM 125.75 (IQR) and deviation of RM 72 (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 UTAMA, Melaka Tengah, Melaka

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