Prime Square

Malacca, Malaysia

Property Transactions

2 subsales grouped by size

Median
RM1,338,500
PSF
RM416

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
3,200 sqft
3-Sty Shop
RM1,288,000
Jalan Mr 28
3,218 sqft · RM400 PSF
RM1,389,000
Jalan Mr 22
3,218 sqft · RM432 PSF
Legend Recent Highest Price Highest PSF

Selling in Prime Square? Homes here sold for a median of RM1,338,500.

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Malacca, Malaysia

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Prime Square in Melaka Tengah, Melaka recorded 2 subsale transactions in 2021, with a median price of RM1.34 million and a median price per square foot (PSF) of RM416.

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 RM1.34 million, with most transactions falling within a stable range of RM1.29 million to RM1.39 million, and a typical market range of RM1.29 million to RM1.39 million.

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

For price per square foot, the median is RM416, with most transactions between RM400 and RM432. The usual range is RM310.64 to RM521.14, showing that most units are priced quite close to each other. With an IQR of RM210.50 and MAD of RM16, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.