Area Intelligence

CHERAS BUSINESS CENTRE

9 properties
2024
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Median Price
RM 195,000
PSF: RM 335

Residential Market

Median Price

RM 197,000

IQR: RM 54
MAD: RM 24
RM 316 PSF 12.4%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 195,000

IQR: RM 133
MAD: RM 77
RM 354 PSF 1.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

CHERAS BUSINESS CENTRE in Kuala Lumpur, Kuala Lumpur recorded 9 subsale transactions in 2024, with a median price of RM 195K and a median price per square foot (PSF) of RM 335.

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 195K, with most transactions falling within a stable range of RM 160K to RM 239K, and a typical market range of RM 160K to RM 241K.

Most transactions involved office lot, with moderate diversity in property types available.

The median PSF stands at RM 335, with core pricing between RM 280 and RM 390. Market pricing typically extends from RM 275.13 to RM 394.88, reflecting moderate variation in unit pricing. The spread of RM 119.75 (IQR) and deviation of RM 55 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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CHERAS BUSINESS CENTRE, Kuala Lumpur, Kuala Lumpur

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Transactions

9 properties grouped by size

400 sqft
1 units Office Lot
RM 170,000
420 sqft · RM 405.00 PSF
May 2024
450 sqft
1 units Office Lot
RM 160,000
431 sqft · RM 372.00 PSF
Jun 2024
600 sqft
4 units
RM 185,000
Office Lot
624 sqft · RM 296.00 PSF
Nov 2024
RM 197,000
Service Apartment
624 sqft · RM 316.00 PSF
Oct 2024
RM 230,000
Shop/Retail Lot
581 sqft · RM 396.00 PSF
May 2024
RM 195,000
Office Lot
581 sqft · RM 335.00 PSF
Mar 2024
650 sqft
2 units Office Lot
RM 200,000
635 sqft · RM 315.00 PSF
Jun 2024
RM 195,000
635 sqft · RM 307.00 PSF
Jan 2024
700 sqft
1 units Office Lot
RM 320,000
678 sqft · RM 472.00 PSF
Nov 2024