THE MAIN PLACE RESIDENCE (NEW GATE)

THE MAIN PLACE RESIDENCE (NEW GATE) in Petaling, Selangor recorded 8 subsale transactions in 2024, with a median price of RM 345K and a median price per square foot (PSF) of RM 529.

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 345K, with most transactions falling within a stable range of RM 300K to RM 423K, and a typical market range of RM 300K to RM 419K.

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

For price per square foot, the median is RM 529, with most transactions between RM 479 and RM 578. The usual range is RM 486.00 to RM 571.00, showing that most units are priced quite close to each other. With an IQR of RM 85.00 and MAD of RM 50, 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. Limited transaction history suggests carefully evaluating comparable sales data.