MALIM BUSINESS CENTRE (T.MERDEKA PERMAI)

MALIM BUSINESS CENTRE (T.MERDEKA PERMAI) in Melaka Tengah, Melaka recorded 12 subsale transactions in 2023, with a median price of RM 708K and a median price per square foot (PSF) of RM 428.

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 708K, with most transactions falling within a stable range of RM 552K to RM 863K, and a typical market range of RM 597K to RM 818K.

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

Price per square foot shows a median of RM 428, though individual units vary from RM 342 to RM 514 in the core range. The broader market spans RM 362.25 to RM 493.75, indicating diverse property characteristics. The spread of RM 131.50 (IQR) and deviation of RM 86 (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.