Area Intelligence

TMN CHENG BESTARI

6 properties
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Median Price
RM 535,000
PSF: RM 347

Residential Market

Median Price

RM 460,000

IQR: RM 60
MAD: RM 54
RM 275 PSF 1.1%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 560,000

IQR: RM 33
MAD: RM 29
RM 400 PSF

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN CHENG BESTARI in Melaka Tengah, Melaka recorded 6 subsale transactions between 2021 and 2025, with a median price of RM 535K and a median price per square foot (PSF) of RM 347.

This area contains both residential and commercial properties. View 3 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 535K, with most transactions falling within a stable range of RM 470K to RM 600K, and a typical market range of RM 476K to RM 594K.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

The median PSF stands at RM 347, with core pricing between RM 284 and RM 409. Market pricing typically extends from RM 295.25 to RM 397.75, reflecting moderate variation in unit pricing. The spread of RM 102.50 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN CHENG BESTARI, Melaka Tengah, Melaka

OSM

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Transactions

6 properties grouped by size

1,400 sqft
5 units
RM 460,000
Double Storey Terraced JALAN CB 8
1,399 sqft · RM 329.00 PSF
Feb 2024
RM 600,000
Double Storey Shop JLN CB 1
1,399 sqft · RM 429.00 PSF
Sep 2022
RM 385,000
Double Storey Terraced JALAN CB
1,399 sqft · RM 275.00 PSF
Sep 2022
RM 510,000
Double Storey Shop JLN CB 1
1,399 sqft · RM 364.00 PSF
Apr 2022
RM 560,000
Double Storey Shop JLN CB 1
1,399 sqft · RM 400.00 PSF
Jan 2022
2,850 sqft
1 units Double Storey Terraced
RM 600,000
JLN CB 4
2,874 sqft · RM 209.00 PSF
Mar 2024