SEK. 13 SHAH ALAM in Petaling, Selangor recorded 40 subsale transactions in 2023, with a median price of RM 1.35 million and a median price per square foot (PSF) of RM 444.
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 1.35 million, with most transactions falling within a stable range of RM 840K to RM 1.86 million, and a typical market range of RM 604K to RM 2.10 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 444, with core pricing between RM 357 and RM 531. Market pricing typically extends from RM 357.75 to RM 530.25, reflecting moderate variation in unit pricing. The spread of RM 172.50 (IQR) and deviation of RM 87 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
