MALIM BUSINESS CENTRE (T.MERDEKA PERMAI)

MALIM BUSINESS CENTRE (T.MERDEKA PERMAI) in Melaka Tengah, Melaka recorded 12 subsale transactions in 2022, with a median price of RM 650K and a median price per square foot (PSF) of RM 387.

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 650K, with most transactions falling within a stable range of RM 525K to RM 1.04 million, and a typical market range of RM 540K to RM 760K.

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

The median PSF stands at RM 387, with core pricing between RM 322 and RM 452. Market pricing typically extends from RM 321.25 to RM 452.75, reflecting moderate variation in unit pricing. The spread of RM 131.50 (IQR) and deviation of RM 65 (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.