PELABUHAN TANJUNG PELEPAS

PELABUHAN TANJUNG PELEPAS in Johor Bahru, Johor recorded 4 subsale transactions in 2023, with a median price of RM 668K and a median price per square foot (PSF) of RM 460.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 668K, with most transactions falling within a stable range of RM 627K to RM 726K, and a typical market range of RM 627K to RM 777K.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 460, with most transactions between RM 419 and RM 500. The usual range is RM 408.13 to RM 510.88, showing that most units are priced quite close to each other. With an IQR of RM 102.75 and MAD of RM 41, 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.