Melaka
Melaka Tengah
Bdr Melaka
TAMAN SERI BACANG

TAMAN SERI BACANG

Area Intelligence

2022

Median Price

RM 582,500

PSF: RM 382

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Residential PSF Trends

Median Price

RM 582,500

PSF: RM 382

TAMAN SERI BACANG in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 583K and a median price per square foot (PSF) of RM 382.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 583K, with most transactions falling within a stable range of RM 535K to RM 630K, and a typical market range of RM 559K to RM 606K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 382, with most transactions between RM 355 and RM 409. The usual range is RM 368.50 to RM 395.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 27.00 and an average deviation (MAD) of RM 27 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SERI BACANG, Melaka Tengah, Melaka

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