TAMAN ORKID (TR 177)

TAMAN ORKID (TR 177) in Muar, Johor recorded 2 subsale transactions in 2023, priced between RM 300K and RM 750K, with a median price of RM 575K and a median price per square foot (PSF) of RM 366.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 575K, with most transactions falling within a stable range of RM 450K to RM 700K, and a typical market range of RM 450K to RM 700K.

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

Price per square foot shows a median of RM 366, though individual units vary from RM 286 to RM 445 in the core range. The broader market spans RM 274.39 to RM 457.39, indicating diverse property characteristics. The spread of RM 183.00 (IQR) and deviation of RM 80 (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.