TMN CHENG INDAH Property Investment Analysis

Cheng, Melaka Tengah, Melaka

Median Price
RM 472,000
CAGR
+0.7%
Median PSF
RM 303.00
CAGR
+48.7%
Transactions
5
Period
2021-2023

PROPERTY TYPES OVERVIEW

TMN CHENG INDAH in Melaka Tengah, Melaka recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 472K and a median price per square foot (PSF) of RM 303.

This area contains both residential and commercial properties. View 2 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 472K, with most transactions falling within a stable range of RM 429K to RM 515K, and a typical market range of RM 448K to RM 496K.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

The median PSF stands at RM 303, with core pricing between RM 272 and RM 334. Market pricing typically extends from RM 223.50 to RM 382.50, reflecting moderate variation in unit pricing. With an IQR of RM 159.00 and MAD of RM 31, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

ADVANCED FILTERS

TRANSACTIONS

5 found
2 - 2 1/2 Storey Shop
CHENG INDAH 8
RM 515,000
PSF: RM 334.00
Area: 1,540 sqft
Date: Nov 2023
2 - 2 1/2 Storey Shop
JLN CI 8
RM 467,000
PSF: RM 303.00
Area: 1,540 sqft
Date: Aug 2023
2 - 2 1/2 Storey Shop
JLN CI 8
RM 472,000
PSF: RM 306.00
Area: 1,540 sqft
Date: Nov 2022
Detached
JLN. CHENG INDAH 1
RM 720,000
PSF: RM 147.00
Area: 4,908 sqft
Date: Dec 2021
1 - 1 1/2 Storey Terraced
JLN. CHENG INDAH 10
RM 248,000
PSF: RM 141.00
Area: 1,759 sqft
Date: Oct 2021