PRIME SQUQRE ( UNIT STRATA)

PRIME SQUQRE ( UNIT STRATA) in Melaka Tengah, Melaka recorded 3 subsale transactions in 2023, with a median price of RM 120K and a median price per square foot (PSF) of RM 180.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 120K, with most transactions falling within a stable range of RM 101K to RM 120K, and a typical market range of RM 103K to RM 120K.

Most transactions involved flats, though some variety exists in the market.

The median PSF stands at RM 180, with core pricing between RM 152 and RM 208. Market pricing typically extends from RM 153.75 to RM 206.25, reflecting moderate variation in unit pricing. The spread of RM 52.50 (IQR) and deviation of RM 28 (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.