Rum Pangsa Laksamana Cheng Ho in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM128K and a median price per square foot (PSF) of RM142.

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 RM128K, with most transactions falling within a stable range of RM108K to RM129K, and a typical market range of RM101K to RM129K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM142, with most transactions between RM130 and RM153. The usual range is RM121.30 to RM162.30, showing that most units are priced quite close to each other. A typical spread (IQR) of RM41.00 and an average deviation (MAD) of RM11 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.