Melaka
Melaka Tengah
Cheng
TAMAN CHENG UTAMA

TAMAN CHENG UTAMA

Area Intelligence

2023

Median Price

RM 196,000

PSF: RM 222

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Residential PSF Trends

Median Price

RM 196,000

PSF: RM 222

Commercial PSF Trends

Median Price

RM 583,000

RM 247 PSF

TAMAN CHENG UTAMA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 196K and a median price per square foot (PSF) of RM 222.

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.

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

For price per square foot, the median is RM 222, with most transactions between RM 222 and RM 222. The usual range is RM 159.13 to RM 284.88, showing that most units are priced quite close to each other. With an IQR of RM 125.75 and MAD of RM 0, 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.

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TAMAN CHENG UTAMA, Melaka Tengah, Melaka

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