MITC PRIMA

MITC PRIMA in Melaka Tengah, Melaka recorded 2 subsale transactions in 2024, with a median price of RM 729K and a median price per square foot (PSF) of RM 474.

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 729K, with most transactions falling within a stable range of RM 658K to RM 800K, and a typical market range of RM 683K to RM 775K.

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 474, with most transactions between RM 427 and RM 520. The usual range is RM 436.50 to RM 510.50, showing that most units are priced quite close to each other. 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.