MALIM BUSINESS PARK (PLAZA PANDAN MALIM)

MALIM BUSINESS PARK (PLAZA PANDAN MALIM) in Melaka Tengah, Melaka recorded 6 subsale transactions in 2022, with a median price of RM 555K and a median price per square foot (PSF) of RM 391.

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 555K, with most transactions falling within a stable range of RM 320K to RM 790K, and a typical market range of RM 483K to RM 628K.

Most transactions involved 3 - 3 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 391, though individual units vary from RM 233 to RM 549 in the core range. The broader market spans RM 346.75 to RM 435.25, indicating diverse property characteristics. A wider spread (IQR: RM 88.50) and deviation (MAD: RM 158) 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.