Melaka
Melaka Tengah
Bachang
TAMAN BACANG BARU

TAMAN BACANG BARU

Area Intelligence

2023

Median Price

RM 180,000

PSF: RM 188

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Residential PSF Trends

Median Price

RM 180,000

PSF: RM 188

Commercial PSF Trends

Median Price

RM 345,000

RM 204 PSF

TAMAN BACANG BARU in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 188.

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 180K, with most transactions falling within a stable range of RM 165K to RM 195K, and a typical market range of RM 165K to RM 195K.

Most transactions involved flats, with high diversity across multiple property types.

For price per square foot, the median is RM 188, with most transactions between RM 172 and RM 204. The usual range is RM 136.50 to RM 239.50, showing that most units are priced quite close to each other. With an IQR of RM 103.00 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN BACANG BARU, Melaka Tengah, Melaka

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