GLENMARIE INDUSTRIAL. PARK

GLENMARIE INDUSTRIAL. PARK in Petaling, Selangor recorded 15 subsale transactions in 2023, with a median price of RM 10.19 million and a median price per square foot (PSF) of RM 847.

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 10.19 million, with most transactions falling within a stable range of RM 1.85 million to RM 19.43 million, and a typical market range of RM 2.56 million to RM 17.81 million.

Most transactions involved terraced factory/warehouse, with high diversity across multiple property types.

Price per square foot shows a median of RM 847, though individual units vary from RM 556 to RM 1,138 in the core range. The broader market spans RM 605.75 to RM 1,088.25, indicating diverse property characteristics. A wider spread (IQR: RM 482.50) and deviation (MAD: RM 291) 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.