NEW KUALA BUSINESS CENTRE(PEC PT.4226)

NEW KUALA BUSINESS CENTRE(PEC PT.4226) in Alor Gajah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 580K and a median price per square foot (PSF) of RM 377.

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 580K, with most transactions falling within a stable range of RM 480K to RM 680K, and a typical market range of RM 530K to RM 630K.

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

The median PSF stands at RM 377, with core pricing between RM 312 and RM 442. Market pricing typically extends from RM 344.50 to RM 409.50, reflecting moderate variation in unit pricing. The spread of RM 65.00 (IQR) and deviation of RM 65 (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. 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.