PRIME SQUARE

PRIME SQUARE in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 1.08 million and a median price per square foot (PSF) of RM 705.

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 1.08 million, with most transactions falling within a stable range of RM 880K to RM 1.29 million, and a typical market range of RM 922K to RM 1.25 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM 705, with core pricing between RM 572 and RM 837. Market pricing typically extends from RM 599.25 to RM 809.75, reflecting moderate variation in unit pricing. The spread of RM 210.50 (IQR) and deviation of RM 133 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.