MITC PRIMA
Commercial Market
Median Price
RM 560,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
3-Storey Storey Shop
3 properties
Median Price
RM 714,500
+4.1% CAGR
Median PSF
RM 464.25
+4.1% CAGR
Double Storey Shop
1 properties
Median Price
RM 560,000
Median PSF
RM 308.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| 3-Storey Storey Shop | 3 |
RM 714,500
±15K MAD
|
+4.14% |
RM 464.25
±9 MAD
|
+4.07% | |
| Double Storey Shop | 1 |
RM 560,000
|
- |
RM 308.00
|
- |
MITC PRIMA in Melaka Tengah, Melaka recorded 1 subsale transactions in 2022, with a median price of RM 560K and a median price per square foot (PSF) of RM 308.
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 3 - 3 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 308, with most transactions between RM 308 and RM 308. The usual range is RM 271.00 to RM 345.00, showing that most units are priced quite close to each other. With an IQR of RM 74.00 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 560,000
|
RM 308.00
|
1,819 sqft
|
May 2022
|