Area Intelligence

TMN BACANG UTAMA

7 properties
2023
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Median Price
RM 280,000
PSF: RM 237

Residential Market

Median Price

RM 390,000

IQR: RM 144
MAD: RM 36
RM 279 PSF 4.2%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 277,500

IQR: RM 52
MAD: RM 27
RM 212 PSF

PSF Trends (2021-2025)

TMN 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 13 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 173K to RM 387K, and a typical market range of RM 215K to RM 345K.

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 176 to RM 298 in the core range. The broader market spans RM 193.00 to RM 281.00, indicating diverse property characteristics. A wider spread (IQR: RM 88.00) and deviation (MAD: RM 61) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

Area Location

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TMN BACANG UTAMA, Melaka Tengah, Melaka

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Transactions

7 properties found

Double Storey Shop JLN BU 2
RM 360,000
1,496 sqft Dec 2023
RM 241.00 PSF
Double Storey Shop JLN BU 2
RM 280,000
1,496 sqft Nov 2023
RM 187.00 PSF
Double Storey Terraced JLN BU 9
RM 410,000
1,399 sqft Aug 2023
RM 293.00 PSF
Condo/Apartment
RM 70,000
689 sqft Aug 2023
RM 102.00 PSF
Shop/Retail Lot
RM 250,000
1,055 sqft Apr 2023
RM 237.00 PSF
Double Storey Terraced JALAN BU 9
RM 390,000
1,399 sqft Mar 2023
RM 279.00 PSF
Double Storey Shop JLN BU 2
RM 275,000
1,496 sqft Jan 2023
RM 184.00 PSF