SUNGAI PENAGA

Area Intelligence

2023

Median Price

RM 1,950,000

PSF: RM 455

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Commercial PSF Trends

Median Price

RM 1,950,000

RM 455 PSF

SUNGAI PENAGA in Petaling, Selangor recorded 6 subsale transactions in 2023, with a median price of RM 1.95 million and a median price per square foot (PSF) of RM 455.

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 1.95 million, with most transactions falling within a stable range of RM 2.00 million to RM 4.09 million, and a typical market range of RM 2.00 million to RM 2.43 million.

Most transactions involved terraced factory/warehouse, with moderate diversity in property types available.

For price per square foot, the median is RM 455, with most transactions between RM 409 and RM 500. The usual range is RM 426.63 to RM 482.38, showing that most units are priced quite close to each other. With an IQR of RM 55.75 and MAD of RM 45, the PSF demonstrates reasonable consistency across the market.

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.

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SUNGAI PENAGA, Petaling, Selangor

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