Double Storey Terrace, Taman Bukit Cheng 1 @ Melaka
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Cheng, Melaka
Type
Landed House
Price
RM432k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM432,000 entry price is competitive for double-storey terrace units in Melaka's suburban market, though without tenure details and completion timelines, long-term value appreciation cannot be reliably assessed.
- •**Location & Connectivity**: Taman Bukit Cheng 1 lacks proximity to MRT infrastructure and major transit hubs, relying primarily on road-based connectivity; suitability depends on car ownership and proximity to workplace or commercial centers.
- •**Risk & Timing**: Absence of specified tenure type, completion date, and developer details presents material risks; buyers should verify land ownership structure, development timeline, and developer track record before commitment.
NewProjek Score
5.3
Moderate
- • Developer verification status not confirmed
- • Priced 20% above area median
Is this project priced fairly?
Melaka — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM285,000 | — |
| 2022 | RM291,000 | +2.1% |
| 2023 | RM297,000 | +2.1% |
| 2024 | RM304,000 | +2.4% |
| 2025 | RM310,000 | +2.0% |
Est. Monthly Rental
RM1,300–1,700
Based on similar properties in Melaka
Gross Rental Yield
3.7%–4.7%
Annual rental / property price
Area Price Trend
+8.8%
NAPIC data 2021–2025
Price-to-Income
5.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| RM7,000 | RM1.0 mil | Yes |
| RM10,000 | RM1.5 mil | Yes |
| RM15,000 | RM2.3 mil | Yes |
| RM20,000 | RM3.2 mil | Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Melaka
Median Household Income
RM6,210/mo
DOSM 2022
Mean Household Income
RM8,057/mo
DOSM 2022
Households Above RM8k
~35%
Estimated for Melaka
Similar projects in Melaka
| Project | Location | Price From | Status |
|---|---|---|---|
| Shang Height Residence @ Melaka City - 15 min to Jonker Walk | Melaka Tengah | RM250k | New Launch |
| Seri Serindit Residensi @ Bukit Serindit, Melaka (3km - Jonker Walk) | Melaka Tengah | RM270k | Completed |
| Taman Rembia Damai, 1-Storey Terrace @ Alor Gajah, Melaka | Alor Gajah | RM288k | Recently Completed |
Why Consider
- • Located in Cheng, Melaka
- • By Developer
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
Disclaimer: This report is generated using publicly available data from NAPIC, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.