THE MAIN PLACE RESIDENCE (NEW GATE)

THE MAIN PLACE RESIDENCE (NEW GATE) in Petaling, Selangor recorded 16 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 570.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 420K, with most transactions falling within a stable range of RM 352K to RM 487K, and a typical market range of RM 346K to RM 494K.

Most transactions involved service apartment, with minimal variety in property types.

The median PSF stands at RM 570, with core pricing between RM 501 and RM 639. Market pricing typically extends from RM 527.50 to RM 612.50, reflecting moderate variation in unit pricing. With an IQR of RM 85.00 and MAD of RM 69, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.