HORIZON RESIDENCE @ BUKIT INDAH in Johor Bahru, Johor recorded 16 subsale transactions in 2022, with a median price of RM 475K and a median price per square foot (PSF) of RM 426.
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 475K, with most transactions falling within a stable range of RM 361K to RM 589K, and a typical market range of RM 278K to RM 673K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM 426, with most transactions between RM 402 and RM 450. The usual range is RM 402.38 to RM 449.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.25 and an average deviation (MAD) of RM 24 indicate a highly stable PSF trend across properties.
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.
