KELANA BUSINESS CENTRE

Area Intelligence

2023

Median Price

RM 770,000

PSF: RM 546

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Commercial PSF Trends

Median Price

RM 770,000

RM 546 PSF

KELANA BUSINESS CENTRE in Petaling, Selangor recorded 5 subsale transactions in 2023, with a median price of RM 770K and a median price per square foot (PSF) of RM 546.

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 770K, with most transactions falling within a stable range of RM 760K to RM 834K, and a typical market range of RM 760K to RM 900K.

Most transactions involved office lot, though some variety exists in the market.

For price per square foot, the median is RM 546, with most transactions between RM 529 and RM 563. The usual range is RM 437.75 to RM 654.25, showing that most units are priced quite close to each other. With an IQR of RM 216.50 and MAD of RM 17, 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.

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KELANA BUSINESS CENTRE, Petaling, Selangor

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