TMN CHENG RIA

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.