Melaka
Melaka Tengah
Cheng
TAMAN CHENG UTAMA

TAMAN CHENG UTAMA

Area Intelligence

2024

Median Price

RM 940,000

PSF: RM 672

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Residential PSF Trends

Median Price

RM 230,000

PSF: RM 261

Commercial PSF Trends

Median Price

RM 960,000

RM 686 PSF

TAMAN CHENG UTAMA in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 940K and a median price per square foot (PSF) of RM 672.

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 940K, with most transactions falling within a stable range of RM 595K to RM 980K, and a typical market range of RM 764K to RM 980K.

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 672, though individual units vary from RM 471 to RM 873 in the core range. The broader market spans RM 609.13 to RM 734.88, indicating diverse property characteristics. A wider spread (IQR: RM 125.75) and deviation (MAD: RM 201) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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TAMAN CHENG UTAMA, Melaka Tengah, Melaka

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