INDUSTRI MALIM TAMBAHAN(IKS MALIM JAYA) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 493K and a median price per square foot (PSF) of RM 140.
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 493K, with most transactions falling within a stable range of RM 423K to RM 563K, and a typical market range of RM 155K to RM 830K.
Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.
For price per square foot, the median is RM 140, with most transactions between RM 127 and RM 153. The usual range is RM 115.50 to RM 163.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 48.00 and an average deviation (MAD) of RM 13 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
