THE PARK RESIDENCE

THE PARK RESIDENCE in Kuala Lumpur, Kuala Lumpur recorded 7 subsale transactions in 2022, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 587.

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 1.00 million, with most transactions falling within a stable range of RM 850K to RM 1.25 million, and a typical market range of RM 850K to RM 1.17 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 587, with core pricing between RM 522 and RM 652. Market pricing typically extends from RM 546.25 to RM 627.75, reflecting moderate variation in unit pricing. With an IQR of RM 81.50 and MAD of RM 65, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.