Taman Cheng Ria in Melaka Tengah, Melaka recorded 3 Low-Cost Flat properties subsale transactions between 2021 and 2026, with a median price of RM138K and a median price per square foot (PSF) of RM164.

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 RM138K, with most transactions falling within a stable range of RM135K to RM144K, and a typical market range of RM135K to RM150K.

Within the Low-Cost Flat category, condominium/apartment dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM164, with most transactions between RM155 and RM173. The usual range is RM134.75 to RM194.00, showing that most units are priced quite close to each other. With an IQR of RM59.25 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.