BACANG SHOPPING MALL

BACANG SHOPPING MALL in Melaka Tengah, Melaka recorded 1 subsale transactions in 2023, with a median price of RM 800K and a median price per square foot (PSF) of RM 470.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 800K, with most transactions falling within a stable range of RM 655K to RM 945K, and a typical market range of RM 728K to RM 873K.

Most transactions involved 4 - 4 1/2 storey shop, with minimal variety in property types.

The median PSF stands at RM 470, with core pricing between RM 385 and RM 556. Market pricing typically extends from RM 427.25 to RM 512.75, reflecting moderate variation in unit pricing. The spread of RM 85.50 (IQR) and deviation of RM 86 (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.