MITC PRIMA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 560K and a median price per square foot (PSF) of RM 153.
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 490K to RM 630K, and a typical market range of RM 514K to RM 606K.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
Price per square foot shows a median of RM 153, though individual units vary from RM 106 to RM 199 in the core range. The broader market spans RM 115.57 to RM 189.57, indicating diverse property characteristics. A wider spread (IQR: RM 74.00) and deviation (MAD: RM 47) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
