Melaka
Melaka Tengah
Bkt Baru
PUSAT KOMERSIAL IXORA

PUSAT KOMERSIAL IXORA

Area Intelligence

2023

Median Price

RM 753,000

PSF: RM 484

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Commercial PSF Trends

Median Price

RM 753,000

RM 484 PSF

PUSAT KOMERSIAL IXORA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 753K and a median price per square foot (PSF) of RM 484.

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 753K, with most transactions falling within a stable range of RM 506K to RM 1.00 million, and a typical market range of RM 630K to RM 877K.

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 484, though individual units vary from RM 253 to RM 715 in the core range. The broader market spans RM 368.50 to RM 599.50, indicating diverse property characteristics. A wider spread (IQR: RM 231.00) and deviation (MAD: RM 231) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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PUSAT KOMERSIAL IXORA, Melaka Tengah, Melaka

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