Melaka
Melaka Tengah
Cheng
TAMAN DESA CHENG PERDANA 1

TAMAN DESA CHENG PERDANA 1

Area Intelligence

2021

Median Price

RM 483,000

PSF: RM 98

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Residential PSF Trends

Median Price

RM 483,000

PSF: RM 98

TAMAN DESA CHENG PERDANA 1 in Melaka Tengah, Melaka recorded 4 subsale transactions in 2021, with a median price of RM 483K and a median price per square foot (PSF) of RM 98.

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 483K, with most transactions falling within a stable range of RM 535K to RM 496K, and a typical market range of RM 535K to RM 561K.

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

For price per square foot, the median is RM 98, with most transactions between RM 94 and RM 101. The usual range is RM 54.50 to RM 140.50, showing that most units are priced quite close to each other. With an IQR of RM 86.00 and MAD of RM 4, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN DESA CHENG PERDANA 1, Melaka Tengah, Melaka

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