CHENG MUTIARA BUSINESS PARK

4 properties

2023

Favorite WhatsApp

Facebook X (Twitter)

Median Price

RM 309,000

PSF: RM 279

Residential Market

Median Price

RM 309,000

IQR: RM 113

MAD: RM 25

RM 279 PSF 26.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Condo/Apartment

16 properties

Median Price

RM 314,000

+27.3% CAGR

Median PSF

RM 283.50

+21.3% CAGR

Low-Cost Flat

4 properties

Median Price

RM 116,000

+9.6% CAGR

Median PSF

RM 160.00

+8.3% CAGR

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Condo/Apartment	16	RM 314,000 ±11K MAD	+27.29%	RM 283.50 ±10 MAD	+21.29%
Low-Cost Flat	4	RM 116,000 ±28K MAD	+9.65%	RM 160.00 ±34 MAD	+8.29%

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 309K and a median price per square foot (PSF) of RM 279.

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 309K, with most transactions falling within a stable range of RM 239K to RM 330K, and a typical market range of RM 227K to RM 330K.

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

The median PSF stands at RM 279, with core pricing between RM 225 and RM 333. Market pricing typically extends from RM 222.38 to RM 335.63, reflecting moderate variation in unit pricing. The spread of RM 113.25 (IQR) and deviation of RM 54 (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.