TAMAN DESA CHENG PERDANA 1

TAMAN DESA CHENG PERDANA 1 in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 370K and a median price per square foot (PSF) of RM 235.

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 370K, with most transactions falling within a stable range of RM 280K to RM 460K, and a typical market range of RM 280K to RM 460K.

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

The median PSF stands at RM 235, with core pricing between RM 196 and RM 274. Market pricing typically extends from RM 192.00 to RM 278.00, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 39 (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.