CHEONG HIN COMMERCIAL CITY

CHEONG HIN COMMERCIAL CITY in Petaling, Selangor recorded 36 subsale transactions in 2022, with a median price of RM 338K and a median price per square foot (PSF) of RM 176.

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 338K, with most transactions falling within a stable range of RM 200K to RM 644K, and a typical market range of RM 213K to RM 463K.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

Price per square foot shows a median of RM 176, though individual units vary from RM 0 to RM 376 in the core range. The broader market spans RM 119.00 to RM 232.00, indicating diverse property characteristics. A wider spread (IQR: RM 113.00) and deviation (MAD: RM 200) 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. Moderate transaction volume may require patience when buying or selling.