Rum Pangsa Laksamana Cheng Ho in Melaka Tengah, Melaka recorded 4 subsale transactions in 2024, with a median price of RM122K and a median price per square foot (PSF) of RM192.

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 RM122K, with most transactions falling within a stable range of RM113K to RM163K, and a typical market range of RM113K to RM149K.

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

The median PSF stands at RM192, with core pricing between RM165 and RM220. Market pricing typically extends from RM171.83 to RM212.83, reflecting moderate variation in unit pricing. With an IQR of RM41.00 and MAD of RM27, 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.