|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Lorong 1 Jalan Cp 1/31
|
RM 340,000
|
RM 120
|
2,842 sqft
|
|
Terrace |
|
Cheng Perdana 1/28
|
RM 530,000
|
RM 308
|
1,722 sqft
|
|
2-Sty Terrace |
|
Jalan Cheng Perdana 1/42
|
RM 538,000
|
RM 168
|
3,197 sqft
|
|
Semi-D |
|
Jalan Taman Desa Cheng Perdana 1/46
|
RM 440,000
|
RM 187
|
2,357 sqft
|
|
2-Sty Terrace |
|
Jlan Cp 1/35 Taman Desa Cheng Perdana 1
|
RM 270,000
|
RM 193
|
1,399 sqft
|
|
Terrace |
|
Jalan Cp 1/46
|
RM 498,000
|
RM 211
|
2,357 sqft
|
|
2-Sty Terrace |
|
Jalan Cheng Perdana
|
RM 450,000
|
RM 122
|
3,692 sqft
|
|
Semi-D |
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Market Snapshot
ResidentialRM 450,000
RM 187 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 7 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 187.
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 450K, with most transactions falling within a stable range of RM 357K to RM 538K, and a typical market range of RM 335K to RM 538K.
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 187, though individual units vary from RM 128 to RM 246 in the core range. The broader market spans RM 143.65 to RM 229.65, indicating diverse property characteristics. A wider spread (IQR: RM 86.00) and deviation (MAD: RM 59) 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.