TAMAN SRI ORKID in Johor Bahru, Johor recorded 51 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 378.
This area contains both residential and commercial properties. View 137 residential properties or 17 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 500K, with most transactions falling within a stable range of RM 500K to RM 570K, and a typical market range of RM 500K to RM 684K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 378, with core pricing between RM 321 and RM 435. Market pricing typically extends from RM 286.75 to RM 469.25, reflecting moderate variation in unit pricing. The spread of RM 182.50 (IQR) and deviation of RM 57 (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.
