MALIM BUSINESS CENTRE (T.MERDEKA PERMAI)

MALIM BUSINESS CENTRE (T.MERDEKA PERMAI) in Melaka Tengah, Melaka recorded 6 subsale transactions in 2021, with a median price of RM 714K and a median price per square foot (PSF) of RM 358.

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 714K, with most transactions falling within a stable range of RM 550K to RM 969K, and a typical market range of RM 604K to RM 824K.

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

The median PSF stands at RM 358, with core pricing between RM 295 and RM 420. Market pricing typically extends from RM 291.75 to RM 423.25, reflecting moderate variation in unit pricing. The spread of RM 131.50 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.