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Market Snapshot
CommercialRM 1,590,000
RM 952 psfMedian transaction price
Jalan Bukit Meldrum & Jalan Lumba Kuda, Tanjung Puteri, 80300 Johor Bahru, Johor Darul Ta'zim, Malaysia
MapsJalan Lumba Kuda/Bukit Meldrum in Johor Bahru, Johor recorded 0 subsale transactions in 2021, with a median price of RM 1.59 million and a median price per square foot (PSF) of RM 952.
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 1.59 million, with most transactions falling within a stable range of RM 1.48 million to RM 1.70 million, and a typical market range of RM 1.26 million to RM 1.92 million.
Most transactions involved 4 - 4 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 952, with core pricing between RM 843 and RM 1,061. Market pricing typically extends from RM 641.00 to RM 1,263.00, reflecting moderate variation in unit pricing. With an IQR of RM 622.00 and MAD of RM 109, the PSF demonstrates reasonable consistency across the market.
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.