PEKAN NENAS in Pontian, Johor recorded 5 subsale transactions in 2022, with a median price of RM 750K and a median price per square foot (PSF) of RM 446.
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 750K, with most transactions falling within a stable range of RM 750K to RM 765K, and a typical market range of RM 750K to RM 780K.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
For price per square foot, the median is RM 446, with most transactions between RM 437 and RM 455. The usual range is RM 267.63 to RM 624.38, showing that most units are priced quite close to each other. With an IQR of RM 356.75 and MAD of RM 9, the PSF demonstrates reasonable consistency across the market.
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.
