TAMAN MGBM

Area Intelligence

Median Price

RM 415,000

PSF: RM 189

TAMAN MGBM in Melaka Tengah, Melaka recorded 3 subsale transactions between 2021 and 2025, priced between RM 300K and RM 750K, with a median price of RM 415K and a median price per square foot (PSF) of RM 189.

This area contains both residential and commercial properties. View 2 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 415K, with most transactions falling within a stable range of RM 363K to RM 467K, and a typical market range of RM 356K to RM 474K.

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

Price per square foot shows a median of RM 189, though individual units vary from RM 147 to RM 231 in the core range. The broader market spans RM 128.96 to RM 248.96, indicating diverse property characteristics. The spread of RM 120.00 (IQR) and deviation of RM 42 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN MGBM, Melaka Tengah, Melaka

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Property Transactions

3 transactions found

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All Years 2025 2024 2023 2022 2021

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Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 415,000

JALAN KUNDANG

3,283 sqft • RM 126 PSF

Sep 2023

RM 353,000

JALAN KUNDANG

1,539 sqft • RM 229 PSF

Jan 2023

RM 480,000

JALAN MANGGA 1

2,540 sqft • RM 189 PSF

Apr 2022

Road	Price	PSF	Size	Date	Type
JALAN KUNDANG	RM 415,000	RM 126	3,283 sqft	Sep 2023	Single Storey Semi-D
JALAN KUNDANG	RM 353,000	RM 229	1,539 sqft	Jan 2023	Single Storey Terraced
JALAN MANGGA 1	RM 480,000	RM 189	2,540 sqft	Apr 2022	Double Storey Shop