Taman Cheng Jaya Fasa 2 in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM230K and a median price per square foot (PSF) of RM193.

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 RM230K, with most transactions falling within a stable range of RM230K to RM239K, and a typical market range of RM230K to RM250K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM193, with most transactions between RM185 and RM200. The usual range is RM168.50 to RM216.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM48.00 and an average deviation (MAD) of RM8 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.