PEKAN NENAS in Pontian, Johor recorded 2 subsale transactions in 2021, with a median price of RM 625K and a median price per square foot (PSF) of RM 376.
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 625K, with most transactions falling within a stable range of RM 188K to RM 1.06 million, and a typical market range of RM 187K to RM 1.06 million.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
Price per square foot shows a median of RM 376, though individual units vary from RM 184 to RM 568 in the core range. The broader market spans RM 197.63 to RM 554.38, indicating diverse property characteristics. A wider spread (IQR: RM 356.75) and deviation (MAD: RM 192) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
