Melaka
Melaka Tengah
Cheng
TAMAN DESA CHENG PERDANA 1

TAMAN DESA CHENG PERDANA 1

Area Intelligence

2022

Median Price

RM 350,000

PSF: RM 175

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Residential PSF Trends

Median Price

RM 350,000

PSF: RM 175

TAMAN DESA CHENG PERDANA 1 in Melaka Tengah, Melaka recorded 11 subsale transactions in 2022, with a median price of RM 350K and a median price per square foot (PSF) of RM 175.

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 350K, with most transactions falling within a stable range of RM 250K to RM 450K, and a typical market range of RM 235K to RM 465K.

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 175, though individual units vary from RM 132 to RM 218 in the core range. The broader market spans RM 132.00 to RM 218.00, indicating diverse property characteristics. The spread of RM 86.00 (IQR) and deviation of RM 43 (MAD) suggest moderate price variations reflecting different property features.

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 DESA CHENG PERDANA 1, Melaka Tengah, Melaka

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