RENGLAND INDUSTRIAL PARK

RENGLAND INDUSTRIAL PARK in Kluang, Johor recorded 3 subsale transactions in 2023, priced between RM 750K and RM 2.00 million, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 120.

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 1.00 million, with most transactions falling within a stable range of RM 900K to RM 1.11 million, and a typical market range of RM 900K to RM 1.15 million.

Most transactions involved 2 - 2 1/2 storey shop2 - 2 1/2 , with high diversity across multiple property types.

The median PSF stands at RM 120, with core pricing between RM 97 and RM 144. Market pricing typically extends from RM 107.48 to RM 133.48, reflecting moderate variation in unit pricing. The spread of RM 26.00 (IQR) and deviation of RM 24 (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.