TAMAN REDANG

TAMAN REDANG in Johor Bahru, Johor recorded 21 subsale transactions in 2023, with a median price of RM 690K and a median price per square foot (PSF) of RM 362.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 690K, with most transactions falling within a stable range of RM 267K to RM 1.11 million, and a typical market range of RM 327K to RM 1.05 million.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 362, though individual units vary from RM 279 to RM 445 in the core range. The broader market spans RM 285.75 to RM 438.25, indicating diverse property characteristics. The spread of RM 152.50 (IQR) and deviation of RM 83 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.