THE MAIN PLACE RESIDENCE (NEW GATE)

THE MAIN PLACE RESIDENCE (NEW GATE) in Petaling, Selangor recorded 16 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 570.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 420K, with most transactions falling within a stable range of RM 358K to RM 482K, and a typical market range of RM 346K to RM 494K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 570, with most transactions between RM 530 and RM 610. The usual range is RM 527.50 to RM 612.50, showing that most units are priced quite close to each other. With an IQR of RM 85.00 and MAD of RM 40, the PSF demonstrates reasonable consistency across the market.

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.