TAMAN BACANG BARU

TAMAN BACANG BARU in Melaka Tengah, Melaka recorded 12 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 345K and a median price per square foot (PSF) of RM 191.

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 345K, with most transactions falling within a stable range of RM 310K to RM 397K, and a typical market range of RM 310K to RM 436K.

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

Price per square foot shows a median of RM 191, though individual units vary from RM 135 to RM 248 in the core range. The broader market spans RM 139.93 to RM 242.93, indicating diverse property characteristics. A wider spread (IQR: RM 103.00) and deviation (MAD: RM 57) 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. Limited transaction history suggests carefully evaluating comparable sales data.