BUSINESS PARK @ MITC

BUSINESS PARK @ MITC in Melaka Tengah, Melaka recorded 2 subsale transactions in 2022, with a median price of RM 620K 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 620K, with most transactions falling within a stable range of RM 575K to RM 665K, and a typical market range of RM 575K to RM 665K.

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

Price per square foot shows a median of RM 329, though individual units vary from RM 255 to RM 402 in the core range. The broader market spans RM 285.00 to RM 372.00, indicating diverse property characteristics. The spread of RM 87.00 (IQR) and deviation of RM 74 (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. 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.