BLACK WATER ESTATE

BLACK WATER ESTATE in Klang, Selangor recorded 4 subsale transactions in 2023, priced from RM 2.00 million and above and sized 10,000 sqft and above, with a median price of RM 12.25 million and a median price per square foot (PSF) of RM 224.

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 12.25 million, with most transactions falling within a stable range of RM 5.36 million to RM 18.50 million, and a typical market range of RM 11.55 million to RM 12.95 million.

Most transactions involved 2 - 2 1/2 storey semi-detached2, with moderate diversity in property types available.

Price per square foot shows a median of RM 224, though individual units vary from RM 154 to RM 295 in the core range. The broader market spans RM 185.47 to RM 263.47, indicating diverse property characteristics. A wider spread (IQR: RM 78.00) and deviation (MAD: RM 70) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.