BANDAR NEWPARK

Area Intelligence
2024
Median Price
RM 200,000
PSF: RM 167

Commercial PSF Trends

Median Price

RM 200,000

RM 167 PSF

BANDAR NEWPARK in Kluang, Johor recorded 6 subsale transactions in 2024, with a median price of RM 200K and a median price per square foot (PSF) of RM 167.

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 200K, with most transactions falling within a stable range of RM 60K to RM 340K, and a typical market range of RM 90K to RM 310K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM 167, with core pricing between RM 138 and RM 196. Market pricing typically extends from RM 121.50 to RM 212.50, reflecting moderate variation in unit pricing. The spread of RM 91.00 (IQR) and deviation of RM 29 (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. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR NEWPARK, Kluang, Johor

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Transactions

5 transactions grouped by size

1,200 sqft
Double Storey Shop
RM 200,000
JALAN SETIA MUTIARA
1,195 sqft · RM 167 PSF
RM 200,000
JALAN SETIA MUTIARA
1,195 sqft · RM 167 PSF
RM 200,000
JALAN SETIA MUTIARA
1,206 sqft · RM 166 PSF
RM 200,000
JALAN SETIA MUTIARA
1,195 sqft · RM 167 PSF
1,600 sqft
Double Storey Shop
RM 266,000
JALAN SETIA MUTIARA
1,593 sqft · RM 167 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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