THE MAIN PLACE RESIDENCE (NEW GATE)

THE MAIN PLACE RESIDENCE (NEW GATE) in Petaling, Selangor recorded 25 subsale transactions in 2023, with a median price of RM 390K and a median price per square foot (PSF) of RM 559.

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 390K, with most transactions falling within a stable range of RM 263K to RM 517K, and a typical market range of RM 316K to RM 464K.

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

For price per square foot, the median is RM 559, with most transactions between RM 508 and RM 610. The usual range is RM 516.50 to RM 601.50, showing that most units are priced quite close to each other. With an IQR of RM 85.00 and MAD of RM 51, the PSF demonstrates reasonable consistency across the market.

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. Moderate transaction volume may require patience when buying or selling.