Area Intelligence

CHERAS BUSINESS CENTRE

3 properties
Service Apartment
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Median Price
RM 250,000
PSF: RM 400

Residential Market

Median Price

RM 250,000

IQR: RM 54
MAD: RM 24
RM 400 PSF 12.4%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 220,000

IQR: RM 133
MAD: RM 77
RM 396 PSF 1.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

CHERAS BUSINESS CENTRE in Kuala Lumpur, Kuala Lumpur recorded 3 Service Apartment properties subsale transactions between 2021 and 2025 for service apartment properties, with a median price of RM 250K and a median price per square foot (PSF) of RM 400.

This area contains both residential and commercial properties. View 3 residential properties or 41 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 250K, with most transactions falling within a stable range of RM 221K to RM 265K, and a typical market range of RM 204K to RM 265K.

Within the Service Apartment category, office lot dominated the market, with moderate diversity in property types available.

The median PSF stands at RM 400, with core pricing between RM 354 and RM 446. Market pricing typically extends from RM 340.13 to RM 459.88, reflecting moderate variation in unit pricing. With an IQR of RM 119.75 and MAD of RM 46, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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CHERAS BUSINESS CENTRE, Kuala Lumpur, Kuala Lumpur

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Transactions

3 properties grouped by size

600 sqft
3 units Service Apartment
RM 197,000
624 sqft · RM 316.00 PSF
Oct 2024
RM 250,000
624 sqft · RM 400.00 PSF
Nov 2022
RM 265,000
624 sqft · RM 424.00 PSF
May 2022