BANDAR NEWPARK

Area Intelligence
2023
Median Price
RM 698,000
PSF: RM 388

Commercial PSF Trends

Median Price

RM 698,000

RM 388 PSF

BANDAR NEWPARK in Kluang, Johor recorded 19 subsale transactions in 2023, with a median price of RM 698K and a median price per square foot (PSF) of RM 388.

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 698K, with most transactions falling within a stable range of RM 830K to RM 1.04 million, and a typical market range of RM 830K to RM 808K.

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

Price per square foot shows a median of RM 388, though individual units vary from RM 306 to RM 470 in the core range. The broader market spans RM 342.50 to RM 433.50, indicating diverse property characteristics. The spread of RM 91.00 (IQR) and deviation of RM 82 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR NEWPARK, Kluang, Johor

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Transactions

8 transactions grouped by size

1,800 sqft
RM 838,000
BANDAR NEWPARK
1,800 sqft · RM 466 PSF
RM 838,000
BANDAR NEWPARK
1,800 sqft · RM 466 PSF
2,300 sqft
3-Storey Shop
RM 830,000
BANDAR NEWPARK
2,288 sqft · RM 363 PSF
2,450 sqft
Double Storey Shop
RM 920,000
BANDAR NEWPARK
2,427 sqft · RM 379 PSF
2,650 sqft
3-Storey Shop
RM 1,330,000
BANDAR NEWPARK
2,640 sqft · RM 504 PSF
RM 1,630,000
BANDAR NEWPARK
2,640 sqft · RM 617 PSF
2,900 sqft
RM 1,380,000
BANDAR NEWPARK
2,888 sqft · RM 478 PSF
RM 1,680,000
BANDAR NEWPARK
2,888 sqft · RM 582 PSF

No Properties For Sale

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

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