BUSINESS PARK @ MITC

BUSINESS PARK @ MITC in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 464K 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 464K, with most transactions falling within a stable range of RM 461K to RM 510K, and a typical market range of RM 461K to RM 543K.

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

For price per square foot, the median is RM 329, with most transactions between RM 300 and RM 358. The usual range is RM 285.50 to RM 372.50, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 29, 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.