CHENG MUTIARA BUSINESS PARK

CHENG MUTIARA BUSINESS PARK in Melaka Tengah, Melaka recorded 7 subsale transactions in 2024, with a median price of RM 328K and a median price per square foot (PSF) of RM 296.

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 328K, with most transactions falling within a stable range of RM 225K to RM 385K, and a typical market range of RM 246K to RM 385K.

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

Price per square foot shows a median of RM 296, though individual units vary from RM 224 to RM 368 in the core range. The broader market spans RM 239.38 to RM 352.63, indicating diverse property characteristics. The spread of RM 113.25 (IQR) and deviation of RM 72 (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.