Melaka
Melaka Tengah
Cheng
TAMAN TEKNOLOGI CHENG

TAMAN TEKNOLOGI CHENG

Area Intelligence

2023

Median Price

RM 580,000

PSF: RM 195

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Commercial PSF Trends

Median Price

RM 580,000

RM 195 PSF

TAMAN TEKNOLOGI CHENG in Melaka Tengah, Melaka recorded 16 subsale transactions in 2023, with a median price of RM 580K and a median price per square foot (PSF) of RM 195.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved semi-detached factory/warehouse, with high diversity across multiple property types.

For price per square foot, the median is RM 195, with most transactions between RM 195 and RM 195. The usual range is RM 133.63 to RM 255.38, showing that most units are priced quite close to each other. With an IQR of RM 121.75 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN TEKNOLOGI CHENG, Melaka Tengah, Melaka

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