ONE MEDINI in Johor Bahru, Johor recorded 13 subsale transactions in 2023, with a median price of RM 421K and a median price per square foot (PSF) of RM 395.
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 421K, with most transactions falling within a stable range of RM 331K to RM 511K, and a typical market range of RM 334K to RM 508K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 395, with core pricing between RM 346 and RM 445. Market pricing typically extends from RM 314.50 to RM 475.50, reflecting moderate variation in unit pricing. With an IQR of RM 161.00 and MAD of RM 50, 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.