TAMAN BACANG BARU

Area Intelligence
2023
Median Price
RM 325,000
PSF: RM 141

Residential PSF Trends

Median Price

RM 400,000

PSF: RM 146

Commercial PSF Trends

Median Price

RM 310,000

RM 135 PSF

TAMAN BACANG BARU in Melaka Tengah, Melaka recorded 6 subsale transactions in 2023, with a median price of RM 325K and a median price per square foot (PSF) of RM 141.

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 325K, with most transactions falling within a stable range of RM 279K to RM 371K, and a typical market range of RM 260K to RM 400K.

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

For price per square foot, the median is RM 141, with most transactions between RM 128 and RM 153. The usual range is RM 89.00 to RM 192.00, showing that most units are priced quite close to each other. With an IQR of RM 103.00 and MAD of RM 13, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN BACANG BARU, Melaka Tengah, Melaka

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Transactions

6 transactions grouped by size

2,100 sqft
Shop/Retail Lot
RM 280,000
Level 3
2,076 sqft · RM 135 PSF
RM 340,000
Level 2
2,076 sqft · RM 164 PSF
RM 260,000
Level 3
2,076 sqft · RM 125 PSF
2,350 sqft
Shop/Retail Lot
RM 310,000
Level 2
2,330 sqft · RM 133 PSF
RM 350,000
Level 3
2,336 sqft · RM 150 PSF
2,750 sqft
Single Storey Terraced
RM 400,000
LORONG 1
2,734 sqft · RM 146 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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