PINGGIRAN BATU CAVES in Gombak, Selangor recorded 11 subsale transactions in 2022, with a median price of RM 165K and a median price per square foot (PSF) of RM 243.
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 165K, with most transactions falling within a stable range of RM 445K to RM 168K, and a typical market range of RM 445K to RM 231K.
Most transactions involved low-cost flat, with high diversity across multiple property types.
For price per square foot, the median is RM 243, with most transactions between RM 241 and RM 245. The usual range is RM 207.75 to RM 278.25, showing that most units are priced quite close to each other. With an IQR of RM 70.50 and MAD of RM 2, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
