NEW KUALA BUSINESS CENTRE(PEC PT.4226)

NEW KUALA BUSINESS CENTRE(PEC PT.4226) in Alor Gajah, Melaka recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 505K and a median price per square foot (PSF) of RM 328.

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 505K, with most transactions falling within a stable range of RM 480K to RM 530K, and a typical market range of RM 480K to RM 530K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 328, with most transactions between RM 312 and RM 344. The usual range is RM 295.50 to RM 360.50, showing that most units are priced quite close to each other. With an IQR of RM 65.00 and MAD of RM 16, 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. 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.