TMN CHENG JAYA FASA 2

TMN CHENG JAYA FASA 2 in Melaka Tengah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 230K and a median price per square foot (PSF) of RM 193.

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 230K, with most transactions falling within a stable range of RM 197K to RM 263K, and a typical market range of RM 201K to RM 259K.

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

The median PSF stands at RM 193, with core pricing between RM 165 and RM 221. Market pricing typically extends from RM 170.75 to RM 215.25, reflecting moderate variation in unit pricing. With an IQR of RM 44.50 and MAD of RM 28, 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. 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.