TAMAN CHENG UTAMA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2021, with a median price of RM 720K and a median price per square foot (PSF) of RM 221.
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 720K, with most transactions falling within a stable range of RM 544K to RM 897K, and a typical market range of RM 544K to RM 896K.
Most transactions involved 1 - 1 1/2 storey shop, with high diversity across multiple property types.
The median PSF stands at RM 221, with core pricing between RM 189 and RM 254. Market pricing typically extends from RM 158.13 to RM 283.88, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
