Area Intelligence

TMN CHENG BESTARI

3 properties
Double Storey Shop
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Median Price
RM 560,000
PSF: RM 400

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 3 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 560K and a median price per square foot (PSF) of RM 400.

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 560K, with most transactions falling within a stable range of RM 523K to RM 597K, and a typical market range of RM 510K to RM 600K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, with moderate diversity in property types available.

For price per square foot, the median is RM 400, with most transactions between RM 373 and RM 427. The usual range is RM 348.75 to RM 451.25, showing that most units are priced quite close to each other. With an IQR of RM 102.50 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.

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

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Transactions

3 properties grouped by size

1,400 sqft
3 units Double Storey Shop
RM 600,000
JLN CB 1
1,399 sqft · RM 429.00 PSF
Sep 2022
RM 510,000
JLN CB 1
1,399 sqft · RM 364.00 PSF
Apr 2022
RM 560,000
JLN CB 1
1,399 sqft · RM 400.00 PSF
Jan 2022