BUSINESS PARK @ MITC
Commercial Market
Median Price
RM 780,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Double Storey Shop
7 properties
Median Price
RM 542,000
-17.1% CAGR
Median PSF
RM 328.75
-10.7% CAGR
3-Storey Storey Shop
1 properties
Median Price
RM 2,100,000
Median PSF
RM 723.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Double Storey Shop | 7 |
RM 542,000
±88K MAD
|
-17.06% |
RM 328.75
±27 MAD
|
-10.73% | |
| 3-Storey Storey Shop | 1 |
RM 2,100,000
|
- |
RM 723.00
|
- |
BUSINESS PARK @ MITC in Melaka Tengah, Melaka recorded 1 subsale transactions in 2021, with a median price of RM 780K and a median price per square foot (PSF) of RM 388.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 388, with most transactions between RM 388 and RM 388. The usual range is RM 344.50 to RM 431.50, showing that most units are priced quite close to each other. With an IQR of RM 87.00 and MAD of RM 0, 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.
Filter by type, year, price, and size
Transactions
1 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
JLN LINGKARAN MITC
|
RM 780,000
|
RM 388.00
|
2,013 sqft
|
Apr 2021
|