TAMAN BACANG BARU in Melaka Tengah, Melaka recorded 39 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 151.
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 280K, with most transactions falling within a stable range of RM 180K to RM 380K, and a typical market range of RM 190K to RM 371K.
Most transactions involved flats, with high diversity across multiple property types.
The median PSF stands at RM 151, with core pricing between RM 121 and RM 181. Market pricing typically extends from RM 99.50 to RM 202.50, reflecting moderate variation in unit pricing. 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. Moderate transaction volume may require patience when buying or selling.
