PELANGI PROMENADE

PELANGI PROMENADE in Klang, Selangor recorded 8 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 261.

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 180K, with most transactions falling within a stable range of RM 155K to RM 294K, and a typical market range of RM 155K to RM 211K.

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

The median PSF stands at RM 261, with core pricing between RM 215 and RM 306. Market pricing typically extends from RM 226.75 to RM 294.25, reflecting moderate variation in unit pricing. The spread of RM 67.50 (IQR) and deviation of RM 45 (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. Limited transaction history suggests carefully evaluating comparable sales data.