SEK. 2 SHAH ALAM in Petaling, Selangor recorded 4 subsale transactions in 2023, with a median price of RM 555K and a median price per square foot (PSF) of RM 225.
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 555K, with most transactions falling within a stable range of RM 475K to RM 635K, and a typical market range of RM 360K to RM 750K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 225, with core pricing between RM 183 and RM 267. Market pricing typically extends from RM 184.50 to RM 265.50, reflecting moderate variation in unit pricing. The spread of RM 81.00 (IQR) and deviation of RM 42 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
