TAMAN BACANG BARU in Melaka Tengah, Melaka recorded 15 subsale transactions in 2021, with a median price of RM 150K and a median price per square foot (PSF) of RM 144.
This area contains both residential and commercial properties. View 70 residential properties or 22 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 150K, with most transactions falling within a stable range of RM 50K to RM 250K, and a typical market range of RM 60K to RM 241K.
Most transactions involved flats, with high diversity across multiple property types.
Price per square foot shows a median of RM 144, though individual units vary from RM 114 to RM 174 in the core range. The broader market spans RM 92.50 to RM 195.50, indicating diverse property characteristics. The spread of RM 103.00 (IQR) and deviation of RM 30 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
