TAMAN BACANG UTAMA in Melaka Tengah, Melaka recorded 7 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 237.
This area contains both residential and commercial properties. View 14 residential properties or 4 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 213K to RM 348K, and a typical market range of RM 163K to RM 397K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 237, with core pricing between RM 191 and RM 283. Market pricing typically extends from RM 184.50 to RM 289.50, reflecting moderate variation in unit pricing. The spread of RM 105.00 (IQR) and deviation of RM 46 (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. Limited transaction history suggests carefully evaluating comparable sales data.
