PELANGI PROMENADE

PELANGI PROMENADE in Klang, Selangor recorded 13 subsale transactions in 2022, with a median price of RM 182K and a median price per square foot (PSF) of RM 244.

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 182K, with most transactions falling within a stable range of RM 150K to RM 335K, and a typical market range of RM 151K to RM 213K.

Most transactions involved office lot, though some variety exists in the market.

Price per square foot shows a median of RM 244, though individual units vary from RM 152 to RM 336 in the core range. The broader market spans RM 210.25 to RM 277.75, indicating diverse property characteristics. A wider spread (IQR: RM 67.50) and deviation (MAD: RM 92) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.