PERINDUSTRIAN GEMBIRA

Area Intelligence
2 subsale transactions
2024
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Median Price
RM 2,682,500
PSF: RM 272

Commercial PSF Trends

Median Price

RM 2,682,500

RM 272 PSF

PERINDUSTRIAN GEMBIRA in Johor Bahru, Johor recorded 2 subsale transactions in 2024, with a median price of RM 2.68 million and a median price per square foot (PSF) of RM 272.

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 2.68 million, with most transactions falling within a stable range of RM 865K to RM 4.50 million, and a typical market range of RM 2.16 million to RM 3.21 million.

Most transactions involved terraced factory/warehouse, though some variety exists in the market.

Price per square foot shows a median of RM 272, though individual units vary from RM 195 to RM 348 in the core range. The broader market spans RM 226.63 to RM 316.38, indicating diverse property characteristics. A wider spread (IQR: RM 89.75) and deviation (MAD: RM 77) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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PERINDUSTRIAN GEMBIRA, Johor Bahru, Johor

OSM

Transactions

2 transactions grouped by size

Price Range

Clear

Size Range (sqft)

Clear
2,500 sqft
Terraced Factory
RM 865,000
JALAN RIANG 22/1
2,486 sqft · RM 348.00 PSF
Aug 2024
23,100 sqft
Detached Factory
RM 4,500,000
JALAN RIANG 23
23,120 sqft · RM 195.00 PSF
Jul 2024