TAMAN CHENG UTAMA in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 345K and a median price per square foot (PSF) of RM 247.
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 345K, with most transactions falling within a stable range of RM 169K to RM 522K, and a typical market range of RM 169K to RM 521K.
Most transactions involved 1 - 1 1/2 storey shop, with high diversity across multiple property types.
The median PSF stands at RM 247, with core pricing between RM 215 and RM 280. Market pricing typically extends from RM 184.13 to RM 309.88, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
