KELANA STREET MALL in Petaling, Selangor recorded 6 subsale transactions in 2022, with a median price of RM 1.14 million and a median price per square foot (PSF) of RM 669.
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 1.14 million, with most transactions falling within a stable range of RM 1.05 million to RM 740K, and a typical market range of RM 799K to RM 740K.
Most transactions involved office lot, though some variety exists in the market.
For price per square foot, the median is RM 669, with most transactions between RM 625 and RM 713. The usual range is RM 441.38 to RM 895.63, showing that most units are priced quite close to each other. With an IQR of RM 454.25 and MAD of RM 44, 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.
