JALAN CHERAS in Kuala Lumpur, Kuala Lumpur recorded 2 subsale transactions in 2022, with a median price of RM 855K and a median price per square foot (PSF) of RM 910.
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 855K, with most transactions falling within a stable range of RM 722K to RM 988K, and a typical market range of RM 718K to RM 992K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
Price per square foot shows a median of RM 910, though individual units vary from RM 557 to RM 1,263 in the core range. The broader market spans RM 624.00 to RM 1,196.00, indicating diverse property characteristics. A wider spread (IQR: RM 572.00) and deviation (MAD: RM 353) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
