|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Cheng Perdana 1/28
|
RM 530,000
|
RM 308
|
1,722 sqft
|
|
2-Sty Terrace |
| 2022 | |||||
|
Jalan Cheng Perdana 1/42
|
RM 245,000
|
RM 146
|
1,679 sqft
|
|
Terrace |
|
Cheng Perdana 1/13
|
RM 450,000
|
RM 261
|
1,722 sqft
|
|
2-Sty Terrace |
|
Jalan Cheng Perdana 1/19
|
RM 350,000
|
RM 203
|
1,722 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 400,000
RM 232 psfMedian transaction price
2, JALAN CP 1, 1, 44, TAMAN DESA, Taman Cheng Perdana, 75260 Malacca, Malaysia
MapsTaman Desa Cheng Perdana 1 in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2026, sized between 1,675 and 1,724 sqft, with a median price of RM 400K and a median price per square foot (PSF) of RM 232.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 400K, with most transactions falling within a stable range of RM 293K to RM 507K, and a typical market range of RM 285K to RM 515K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 232, though individual units vary from RM 171 to RM 293 in the core range. The broader market spans RM 189.26 to RM 275.26, indicating diverse property characteristics. A wider spread (IQR: RM 86.00) and deviation (MAD: RM 61) 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.