Area Intelligence

TMN CHENG INDAH

3 properties
Double Storey Shop
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Median Price
RM 472,000
PSF: RM 306

Residential Market

Median Price

RM 484,000

IQR: RM 3
MAD: RM 3
RM 144 PSF

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 472,000

IQR: RM 16
MAD: RM 3
RM 306 PSF 4.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN CHENG INDAH in Melaka Tengah, Melaka recorded 3 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 472K and a median price per square foot (PSF) of RM 306.

This area contains both residential and commercial properties. View 2 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 472K, with most transactions falling within a stable range of RM 467K to RM 494K, and a typical market range of RM 467K to RM 496K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, with moderate diversity in property types available.

For price per square foot, the median is RM 306, with most transactions between RM 292 and RM 320. The usual range is RM 226.50 to RM 385.50, showing that most units are priced quite close to each other. With an IQR of RM 159.00 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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TMN CHENG INDAH, Melaka Tengah, Melaka

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Transactions

3 properties grouped by size

1,550 sqft
3 units Double Storey Shop
RM 515,000
CHENG INDAH 8
1,540 sqft · RM 334.00 PSF
Nov 2023
RM 467,000
JLN CI 8
1,540 sqft · RM 303.00 PSF
Aug 2023
RM 472,000
JLN CI 8
1,540 sqft · RM 306.00 PSF
Nov 2022