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PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Cheng
Market Snapshot
RM380,000
RM234 psfMedian transaction price
RM790,000
RM525 psfMedian transaction price
Taman Cheng Baru, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Baru in Melaka Tengah, Melaka recorded 0 subsale transactions between 2021 and 2026, sized between 1,425 and 1,474 sqft, with a median price of RM670K and a median price per square foot (PSF) of RM394.
This area contains both residential and commercial properties. View 17 residential properties or 22 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM670K, with most transactions falling within a stable range of RM465K to RM875K, and a typical market range of RM468K to RM873K.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
Price per square foot shows a median of RM394, though individual units vary from RM244 to RM544 in the core range. The broader market spans RM247.25 to RM540.75, indicating diverse property characteristics. A wider spread (IQR: RM293.50) and deviation (MAD: RM150) 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.