CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM 124K and a median price per square foot (PSF) of RM 147.

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 RM 124K, with most transactions falling within a stable range of RM 88K to RM 160K, and a typical market range of RM 88K to RM 160K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 147, with core pricing between RM 126 and RM 167. Market pricing typically extends from RM 89.88 to RM 203.13, reflecting moderate variation in unit pricing. With an IQR of RM 113.25 and MAD of RM 21, 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.