ECONEST (RESIDENSI EKO) in Johor Bahru, Johor recorded 13 subsale transactions in 2024, with a median price of RM 750K and a median price per square foot (PSF) of RM 716.
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 750K, with most transactions falling within a stable range of RM 660K to RM 750K, and a typical market range of RM 588K to RM 750K.
Most transactions involved service apartment, with minimal variety in property types.
For price per square foot, the median is RM 716, with most transactions between RM 650 and RM 782. The usual range is RM 625.75 to RM 806.25, showing that most units are priced quite close to each other. With an IQR of RM 180.50 and MAD of RM 66, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.