Cheng Mutiara Business Park
Melaka Tengah, Melaka · High-rise (condo, apartment, flat) · Freehold
Homes in Cheng Mutiara Business Park have sold for a median of
RM306,500
RM276 psf on the recorded floor area
Half of the 20 recorded sales fell between RM166,000 and RM330,000. One in ten went under RM143,800, one in ten over RM336,500. Sales run from 28 October 2021 to 27 May 2024.
Up 3% from a RM318,000 median in 2022 to RM328,000 in 2024.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Melaka, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM124,000 | RM146 psf | 2 |
| 2022 | RM318,000 | RM287 psf | 7 |
| 2023 | RM309,000 | RM279 psf | 4 |
| 2024 | RM328,000 | RM296 psf | 7 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Melaka Tengah with enough recorded sales, cheapest first. By median sold price, Cheng Mutiara Business Park sits 21 of 26 in that set.
14 cheaper schemes above
Against Melaka
Across Melaka, the median recorded sale for high-rise (condo, apartment, flat) is RM180,000 (RM209 psf), from 432 sales. Cheng Mutiara Business Park’s own median is RM306,500 — higher than that state median. Full Melaka table.
Cash and monthly on the RM306,500 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM30,650
- Transfer duty (MOT): RM5,130
- Loan duty (0.5%): RM1,379
- Total cash: RM37,159
- Qualifying first home: RM30,650 (duties exempt)
Monthly carry
- Instalment (35y @ 4.00%): RM1,221
- Total monthly: RM1,221
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Cheng Mutiara Business Park sold for?
- A median of RM306,500 (RM276 psf), from 20 land-office transactions between 28 October 2021 and 27 May 2024.
- What is a typical band here?
- Half of recorded sales fell between RM166,000 and RM330,000. One in ten went under RM143,800; one in ten over RM336,500.
- Has the median moved?
- From RM318,000 in 2022 to RM328,000 in 2024 (+3%), using only years with five or more sales.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.