Area Intelligence

TMN CHENG RIA

9 properties
2024
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Median Price
RM 190,000
PSF: RM 221

Residential Market

Median Price

RM 190,000

IQR: RM 62
MAD: RM 30
RM 221 PSF 8.8%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN CHENG RIA in Melaka Tengah, Melaka recorded 9 subsale transactions in 2024, with a median price of RM 190K and a median price per square foot (PSF) of RM 221.

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 190K, with most transactions falling within a stable range of RM 82K to RM 302K, and a typical market range of RM 162K to RM 218K.

Most transactions involved condominium/apartment, with high diversity across multiple property types.

Price per square foot shows a median of RM 221, though individual units vary from RM 166 to RM 276 in the core range. The broader market spans RM 190.25 to RM 251.75, indicating diverse property characteristics. A wider spread (IQR: RM 61.50) and deviation (MAD: RM 55) indicate significant PSF variations, likely due to diverse property types or conditions.

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

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TMN CHENG RIA, Melaka Tengah, Melaka

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Transactions

9 properties found

Condo/Apartment
RM 190,000
861 sqft Oct 2024
RM 221.00 PSF
Condo/Apartment
RM 195,000
721 sqft Aug 2024
RM 270.00 PSF
Flat
RM 175,000
721 sqft Aug 2024
RM 243.00 PSF
Single Storey Terraced JLN CHENG RIA 4
RM 500,000
3,821 sqft Jul 2024
RM 131.00 PSF
Flat
RM 82,000
861 sqft Jul 2024
RM 95.00 PSF
Condo/Apartment
RM 138,000
850 sqft Apr 2024
RM 162.00 PSF
Flat
RM 128,000
861 sqft Mar 2024
RM 149.00 PSF
Flat
RM 190,000
861 sqft Jan 2024
RM 221.00 PSF
Flat
RM 200,000
872 sqft Jan 2024
RM 229.00 PSF