BUSINESS PARK @ MITC

BUSINESS PARK @ MITC in Melaka Tengah, Melaka recorded 7 subsale transactions between 2021 and 2025, with a median price of RM 560K and a median price per square foot (PSF) of RM 329.

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 560K, with most transactions falling within a stable range of RM 461K to RM 659K, and a typical market range of RM 481K to RM 639K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

The median PSF stands at RM 329, with core pricing between RM 270 and RM 388. Market pricing typically extends from RM 285.50 to RM 372.50, reflecting moderate variation in unit pricing. The spread of RM 87.00 (IQR) and deviation of RM 59 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.