Area Intelligence

CHENG MUTIARA BUSINESS PARK

7 properties
2022
Favorite WhatsApp
Median Price
RM 318,000
PSF: RM 287

Residential Market

Median Price

RM 318,000

IQR: RM 113
MAD: RM 25
RM 287 PSF 26.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 7 subsale transactions in 2022, with a median price of RM 318K and a median price per square foot (PSF) of RM 287.

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 318K, with most transactions falling within a stable range of RM 239K to RM 350K, and a typical market range of RM 236K to RM 350K.

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

The median PSF stands at RM 287, with core pricing between RM 235 and RM 339. Market pricing typically extends from RM 230.38 to RM 343.63, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 52 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

Loading map...

CHENG MUTIARA BUSINESS PARK, Melaka Tengah, Melaka

OSM

Filter by type, year, price, and size

1 filter active
Clear All Filters

Transactions

7 properties grouped by size

650 sqft
1 units Low-Cost Flat
RM 170,000
650 sqft · RM 262.00 PSF
May 2022
950 sqft
2 units Condo/Apartment
RM 168,000
958 sqft · RM 175.00 PSF
Dec 2022
RM 180,000
958 sqft · RM 188.00 PSF
Jun 2022
1,100 sqft
4 units Condo/Apartment
RM 320,000
1,109 sqft · RM 289.00 PSF
Dec 2022
RM 350,000
1,109 sqft · RM 316.00 PSF
Dec 2022
RM 335,000
1,109 sqft · RM 302.00 PSF
Oct 2022
RM 318,000
1,109 sqft · RM 287.00 PSF
Apr 2022