Area Intelligence

MITC PRIMA

4 properties
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Median Price
RM 679,000
PSF: RM 441

Commercial Market

Median Price

RM 679,000

IQR: RM 74
MAD: RM 47
RM 441 PSF 24.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

MITC PRIMA in Melaka Tengah, Melaka recorded 4 subsale transactions between 2021 and 2025, with a median price of RM 679K and a median price per square foot (PSF) of RM 441.

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 679K, with most transactions falling within a stable range of RM 609K to RM 749K, and a typical market range of RM 633K to RM 725K.

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

The median PSF stands at RM 441, with core pricing between RM 395 and RM 488. Market pricing typically extends from RM 404.00 to RM 478.00, reflecting moderate variation in unit pricing. With an IQR of RM 74.00 and MAD of RM 47, 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.

Area Location

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MITC PRIMA, Melaka Tengah, Melaka

OSM

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Transactions

4 properties grouped by size

1,550 sqft
3 units 3-Storey Storey Shop
RM 800,000
MITC PRIMA 1
1,539 sqft · RM 520.00 PSF
Apr 2024
RM 658,000
MITC PRIMA
1,539 sqft · RM 427.00 PSF
Jan 2024
RM 700,000
JALAN MITC PRIMA 1
1,539 sqft · RM 455.00 PSF
Jan 2023
1,800 sqft
1 units Double Storey Shop
RM 560,000
JLN LINGKARAN MITC
1,819 sqft · RM 308.00 PSF
May 2022