PELANGI AVENUE, KLANG PARADE

PELANGI AVENUE, KLANG PARADE in Klang, Selangor recorded 2 subsale transactions in 2024, with a median price of RM 1.90 million and a median price per square foot (PSF) of RM 814.

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 1.90 million, with most transactions falling within a stable range of RM 1.30 million to RM 2.50 million, and a typical market range of RM 1.48 million to RM 2.33 million.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM 814, with core pricing between RM 698 and RM 929. Market pricing typically extends from RM 653.50 to RM 973.50, reflecting moderate variation in unit pricing. With an IQR of RM 320.00 and MAD of RM 116, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.