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 530K to RM 630K, 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.

For price per square foot, the median is RM 377, with most transactions between RM 345 and RM 409. The usual range is RM 344.50 to RM 409.50, showing that most units are priced quite close to each other. With an IQR of RM 65.00 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

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.