GLENMARIE INDUSTRIAL. PARK

GLENMARIE INDUSTRIAL. PARK in Petaling, Selangor recorded 9 subsale transactions in 2023, with a median price of RM 13.80 million and a median price per square foot (PSF) of RM 441.

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 13.80 million, with most transactions falling within a stable range of RM 4.33 million to RM 23.27 million, and a typical market range of RM 6.18 million to RM 21.43 million.

Most transactions involved terraced factory/warehouse, with high diversity across multiple property types.

Price per square foot shows a median of RM 441, though individual units vary from RM 147 to RM 735 in the core range. The broader market spans RM 199.75 to RM 682.25, indicating diverse property characteristics. A wider spread (IQR: RM 482.50) and deviation (MAD: RM 294) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Limited transaction history suggests carefully evaluating comparable sales data.