SEK. 16, SHAH ALAM

SEK. 16, SHAH ALAM in Petaling, Selangor recorded 6 subsale transactions in 2023, with a median price of RM 16.11 million 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 16.11 million, with most transactions falling within a stable range of RM 11.80 million to RM 26.14 million, and a typical market range of RM 11.96 million to RM 20.26 million.

Most transactions involved detached factory/warehouse, though some variety exists in the market.

The median PSF stands at RM 261, with core pricing between RM 210 and RM 311. Market pricing typically extends from RM 222.00 to RM 299.00, reflecting moderate variation in unit pricing. The spread of RM 77.00 (IQR) and deviation of RM 51 (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.