TMN CHENG RIA

TMN CHENG RIA in Melaka Tengah, Melaka recorded 12 subsale transactions in 2023, with a median price of RM 159K and a median price per square foot (PSF) of RM 184.

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 159K, with most transactions falling within a stable range of RM 127K to RM 190K, and a typical market range of RM 131K to RM 187K.

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

The median PSF stands at RM 184, with core pricing between RM 161 and RM 207. Market pricing typically extends from RM 153.25 to RM 214.75, reflecting moderate variation in unit pricing. With an IQR of RM 61.50 and MAD of RM 23, the PSF demonstrates reasonable consistency across the market.

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.