BINOVA INDUSTRI AREA

BINOVA INDUSTRI AREA in Kuala Lumpur, Kuala Lumpur recorded 2 subsale transactions in 2023, with a median price of RM 214K and a median price per square foot (PSF) of RM 192.

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 214K, with most transactions falling within a stable range of RM 198K to RM 230K, and a typical market range of RM 198K to RM 230K.

Most transactions involved industrial unit, with minimal variety in property types.

For price per square foot, the median is RM 192, with most transactions between RM 180 and RM 204. The usual range is RM 188.13 to RM 195.88, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 7.75 and an average deviation (MAD) of RM 12 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.