GLENMARIE INDUSTRIAL. PARK in Petaling, Selangor recorded 5 subsale transactions in 2022, with a median price of RM 19.65 million and a median price per square foot (PSF) of RM 348.
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 19.65 million, with most transactions falling within a stable range of RM 14.10 million to RM 24.25 million, and a typical market range of RM 12.03 million to RM 24.25 million.
Most transactions involved terraced factory/warehouse, with high diversity across multiple property types.
Price per square foot shows a median of RM 348, though individual units vary from RM 97 to RM 599 in the core range. The broader market spans RM 106.75 to RM 589.25, indicating diverse property characteristics. A wider spread (IQR: RM 482.50) and deviation (MAD: RM 251) 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.
