PRIME SQUARE

PRIME SQUARE in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 1.08 million and a median price per square foot (PSF) of RM 705.

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 1.08 million, with most transactions falling within a stable range of RM 998K to RM 1.17 million, and a typical market range of RM 922K to RM 1.25 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 705, with most transactions between RM 649 and RM 761. The usual range is RM 599.25 to RM 809.75, showing that most units are priced quite close to each other. With an IQR of RM 210.50 and MAD of RM 56, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.