| LIST.MY · Cheng Mutiara Business Park | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2023 | |||||
|
Level 4
|
RM160,000
|
RM167
|
958 sqft
|
|
Condo |
| 2022 | |||||
|
Level
|
RM168,000
|
RM175
|
958 sqft
|
|
Condo |
|
Level 3
|
RM180,000
|
RM188
|
958 sqft
|
|
Condo |
| 2021 | |||||
|
Level 5
|
RM160,000
|
RM167
|
958 sqft
|
|
Condo |
Selling in Cheng Mutiara Business Park? Homes here sold for a median of RM164,000.
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PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Bertam
Market Snapshot
ResidentialRM164,000
RM171 psfMedian transaction price
Cheng Height, 75260 Cheng, Melaka, Malaysia
MapsCheng Mutiara Business Park in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2026, sized between 925 and 974 sqft, with a median price of RM164K and a median price per square foot (PSF) of RM171.
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 RM164K, with most transactions falling within a stable range of RM160K to RM172K, and a typical market range of RM160K to RM180K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM171, with most transactions between RM163 and RM180. The usual range is RM114.57 to RM227.82, showing that most units are priced quite close to each other. With an IQR of RM113.25 and MAD of RM9, 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.