TAMAN BACANG UTAMA

Area Intelligence
2023
Median Price
RM 280,000
PSF: RM 237

Residential PSF Trends

Median Price

RM 390,000

PSF: RM 279

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 193K to RM 280K, and a typical market range of RM 163K to RM 280K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 237, though individual units vary from RM 189 to RM 285 in the core range. The broader market spans RM 184.50 to RM 289.50, indicating diverse property characteristics. The spread of RM 105.00 (IQR) and deviation of RM 48 (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.

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TAMAN BACANG UTAMA, Melaka Tengah, Melaka

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Transactions

4 transactions grouped by size

700 sqft
Condo/Apartment
RM 70,000
Level 2
689 sqft · RM 102 PSF
1,050 sqft
Shop/Retail Lot
RM 250,000
Level 1
1,055 sqft · RM 237 PSF
1,500 sqft
Double Storey Shop
RM 280,000
JALAN BU 2
1,496 sqft · RM 187 PSF
RM 275,000
JALAN BU 2
1,496 sqft · RM 184 PSF

No Properties For Sale

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

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