Triple Storey Terrace, Taman Bukit Cheng 2 @ Melaka
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Cheng, Melaka
Type
Landed House
Price
RM930k+
Tenure
—
Completion
—
NewProjek Verdict
Triple Storey Terrace, Taman Bukit Cheng 2 @ Melaka by the developer is a Landed House development in Cheng, Melaka starting from RM930k. With standard tenure, it offers a new launch opportunity worth evaluating against comparable projects in the area.
- • Developer verification status not confirmed
- • Priced 158% above area median — premium pricing
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
RM2,800–3,700
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
12.5x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ❌ No |
| RM7,000 | RM1.0 mil | ⚠️ Stretch |
| 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 |
|---|---|---|---|
| Double Storey Cluster @ Taman Nuri Heights, Durian Tunggal, Melaka | Durian Tunggal | RM469k | New Launch |
| 1-Storey Semi-D, Taman Merlimau Emas Seksyen 3 @ Merlimau, Melaka | Merlimau | RM476k | New Launch |
| Double Storey Terrace @ Taman Bertam Putra near Tanjung Minyak & Melaka Tengah | Melaka Tengah | RM478k | New Launch |
✅ Why Consider
- • Located in Cheng, Melaka
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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.