KOTA ELMINA in Gombak, Selangor recorded 16 subsale transactions in 2022, with a median price of RM 4.37 million and a median price per square foot (PSF) of RM 337.
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 4.37 million, with most transactions falling within a stable range of RM 3.60 million to RM 5.14 million, and a typical market range of RM 2.02 million to RM 6.72 million.
Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.
For price per square foot, the median is RM 337, with most transactions between RM 319 and RM 355. The usual range is RM 320.75 to RM 353.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 32.50 and an average deviation (MAD) of RM 18 indicate a highly stable PSF trend across properties.
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.
