SEK. 23, SHAH ALAM in Petaling, Selangor recorded 2 subsale transactions in 2023, with a median price of RM 31.85 million and a median price per square foot (PSF) of RM 256.
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 31.85 million, with most transactions falling within a stable range of RM 29.20 million to RM 34.50 million, and a typical market range of RM 29.89 million to RM 33.81 million.
Most transactions involved semi-detached factory/warehouse, with high diversity across multiple property types.
Price per square foot shows a median of RM 256, though individual units vary from RM 140 to RM 372 in the core range. The broader market spans RM 0.00 to RM 539.25, indicating diverse property characteristics. A wider spread (IQR: RM 567.50) and deviation (MAD: RM 116) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
