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 280K to RM 633K, and a typical market range of RM 281K to RM 633K.
Most transactions involved 1 - 1 1/2 storey shop, with high diversity across multiple property types.
The median PSF stands at RM 308, with core pricing between RM 275 and RM 340. Market pricing typically extends from RM 244.63 to RM 370.38, reflecting moderate variation in unit pricing. With an IQR of RM 125.75 and MAD of RM 33, the PSF demonstrates reasonable consistency across the market.
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.
