ONE MEDINI in Johor Bahru, Johor recorded 12 subsale transactions in 2022, with a median price of RM 350K and a median price per square foot (PSF) of RM 324.
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 350K, with most transactions falling within a stable range of RM 260K to RM 440K, and a typical market range of RM 263K to RM 437K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 324, with core pricing between RM 274 and RM 373. Market pricing typically extends from RM 243.00 to RM 404.00, reflecting moderate variation in unit pricing. The spread of RM 161.00 (IQR) and deviation of RM 50 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
