Melaka
Melaka Tengah
Cheng
TAMAN TEKNOLOGI CHENG

TAMAN TEKNOLOGI CHENG

Area Intelligence

2024

Median Price

RM 450,000

PSF: RM 312

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Commercial PSF Trends

Median Price

RM 450,000

RM 312 PSF

TAMAN TEKNOLOGI CHENG in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, priced between RM 300K and RM 500K, with a median price of RM 450K and a median price per square foot (PSF) of RM 312.

This area consists exclusively of commercial properties, with no residential 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 408K to RM 480K, and a typical market range of RM 380K to RM 480K.

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

For price per square foot, the median is RM 312, with most transactions between RM 283 and RM 341. The usual range is RM 251.12 to RM 372.87, showing that most units are priced quite close to each other. With an IQR of RM 121.75 and MAD of RM 29, 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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