Melaka
Melaka Tengah
Bachang
TAMAN BACANG BARU

TAMAN BACANG BARU

Area Intelligence

2023

Median Price

RM 280,000

PSF: RM 151

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Residential PSF Trends

Median Price

RM 142,500

PSF: RM 137

Commercial PSF Trends

Median Price

RM 340,000

RM 182 PSF

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 590K to RM 330K, and a typical market range of RM 590K to RM 371K.

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

Price per square foot shows a median of RM 151, though individual units vary from RM 98 to RM 204 in the core range. The broader market spans RM 99.50 to RM 202.50, indicating diverse property characteristics. A wider spread (IQR: RM 103.00) and deviation (MAD: RM 53) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.

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TAMAN BACANG BARU, Melaka Tengah, Melaka

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Transactions

5 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

1,650 sqft

RM 590,000

Level 1

1,645 sqft · RM 359 PSF

Jul 2023

RM 600,000

Level 1

1,645 sqft · RM 365 PSF

Feb 2023

RM 650,000

Level 1

1,645 sqft · RM 395 PSF

Feb 2023

Level 1	RM 590,000	RM 359	1,645 sqft	Jul 2023	Office Lot
Level 1	RM 600,000	RM 365	1,645 sqft	Feb 2023	Shop/Retail Lot
Level 1	RM 650,000	RM 395	1,645 sqft	Feb 2023	Shop/Retail Lot