MALIM BUSINESS CENTRE

MALIM BUSINESS CENTRE in Melaka Tengah, Melaka recorded 6 subsale transactions in 2022, with a median price of RM 860K and a median price per square foot (PSF) of RM 215.

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 860K, with most transactions falling within a stable range of RM 700K to RM 1.67 million, and a typical market range of RM 745K to RM 975K.

Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 215, though individual units vary from RM 152 to RM 277 in the core range. The broader market spans RM 185.75 to RM 243.25, indicating diverse property characteristics. A wider spread (IQR: RM 57.50) and deviation (MAD: RM 62) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.