TAMAN MEGAH (CHERAS) in Hulu Langat, Selangor recorded 20 subsale transactions in 2022, with a median price of RM 230K and a median price per square foot (PSF) of RM 334.
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 230K, with most transactions falling within a stable range of RM 105K to RM 426K, and a typical market range of RM 105K to RM 386K.
Most transactions involved flats, with high diversity across multiple property types.
Price per square foot shows a median of RM 334, though individual units vary from RM 256 to RM 411 in the core range. The broader market spans RM 289.50 to RM 377.50, indicating diverse property characteristics. The spread of RM 88.00 (IQR) and deviation of RM 77 (MAD) suggest moderate price variations reflecting different property features.
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. Moderate transaction volume may require patience when buying or selling.
