Area Intelligence

TMN CHENG UTAMA

1 properties
Double Storey Shop
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Median Price
RM 583,000
PSF: RM 379

Residential Market

Median Price

RM 230,000

IQR: RM 50
MAD: RM 39
RM 261 PSF 3.9%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 583,000

IQR: RM 284
MAD: RM 26
RM 379 PSF 45.9%

PSF Trends (2021-2025)

TMN CHENG UTAMA in Melaka Tengah, Melaka recorded 1 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 583K and a median price per square foot (PSF) of RM 379.

This area contains both residential and commercial properties. View 3 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Within the Double Storey Shop category, 1 - 1 1/2 storey shop dominated the market, with high diversity across multiple property types.

For price per square foot, the median is RM 379, with most transactions between RM 379 and RM 379. The usual range is RM 316.13 to RM 441.88, showing that most units are priced quite close to each other. With an IQR of RM 125.75 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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.

Area Location

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TMN CHENG UTAMA, Melaka Tengah, Melaka

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Transactions

1 properties grouped by size

1,550 sqft
1 units Double Storey Shop
RM 583,000
JLN CU2
1,539 sqft · RM 379.00 PSF
Oct 2022