PRIME POINT

PRIME POINT in Melaka Tengah, Melaka recorded 4 subsale transactions in 2023, with a median price of RM 740K and a median price per square foot (PSF) of RM 535.

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 740K, with most transactions falling within a stable range of RM 636K to RM 838K, and a typical market range of RM 638K to RM 838K.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

Price per square foot shows a median of RM 535, though individual units vary from RM 418 to RM 651 in the core range. The broader market spans RM 502.50 to RM 566.50, indicating diverse property characteristics. The spread of RM 64.00 (IQR) and deviation of RM 117 (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.