PHOENIX BUSINESS PARK

PHOENIX BUSINESS PARK in Kuala Lumpur, Kuala Lumpur recorded 3 subsale transactions in 2022, with a median price of RM 230K and a median price per square foot (PSF) of RM 303.

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 230K, with most transactions falling within a stable range of RM 207K to RM 250K, and a typical market range of RM 204K to RM 250K.

Most transactions involved office lot, with minimal variety in property types.

For price per square foot, the median is RM 303, with most transactions between RM 287 and RM 319. The usual range is RM 286.38 to RM 319.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 33.25 and an average deviation (MAD) of RM 16 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.