TMN CHENG BARU

TMN CHENG BARU in Melaka Tengah, Melaka recorded 12 subsale transactions in 2024, with a median price of RM 815K and a median price per square foot (PSF) of RM 549.

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 RM 815K, with most transactions falling within a stable range of RM 479K to RM 1.15 million, and a typical market range of RM 613K to RM 1.02 million.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 549, though individual units vary from RM 419 to RM 678 in the core range. The broader market spans RM 401.75 to RM 695.25, indicating diverse property characteristics. The spread of RM 293.50 (IQR) and deviation of RM 129 (MAD) suggest moderate price variations reflecting different property features.

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.