PHOENIX BUSINESS PARK

PHOENIX BUSINESS PARK in Kuala Lumpur, Kuala Lumpur recorded 7 subsale transactions in 2023, with a median price of RM 202K and a median price per square foot (PSF) of RM 305.

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 202K, with most transactions falling within a stable range of RM 198K to RM 370K, and a typical market range of RM 198K to RM 228K.

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

Price per square foot shows a median of RM 305, though individual units vary from RM 209 to RM 401 in the core range. The broader market spans RM 288.38 to RM 321.63, indicating diverse property characteristics. A wider spread (IQR: RM 33.25) and deviation (MAD: RM 96) 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.