Melaka
Melaka Tengah
Bachang
TAMAN BACANG UTAMA

TAMAN BACANG UTAMA

Area Intelligence

2023

Median Price

RM 280,000

PSF: RM 237

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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 360K to RM 301K, and a typical market range of RM 360K to RM 397K.

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

For price per square foot, the median is RM 237, with most transactions between RM 215 and RM 259. The usual range is RM 184.50 to RM 289.50, showing that most units are priced quite close to each other. With an IQR of RM 105.00 and MAD of RM 22, 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 UTAMA, Melaka Tengah, Melaka

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