CHERAS BUSINESS CENTRE
Residential Market
Median Price
RM 197,000
PSF Trends (2021-2025)
Commercial Market
Median Price
RM 195,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Office Lot
21 properties
Median Price
RM 195,000
+9.7% CAGR
Median PSF
RM 335.00
+7.3% CAGR
Shop/Retail Lot
19 properties
Median Price
RM 230,000
-10.7% CAGR
Median PSF
RM 396.00
-7.1% CAGR
Service Apartment
3 properties
Median Price
RM 227,250
-12.5% CAGR
Median PSF
RM 364.00
-12.4% CAGR
6-Storey Storey Shop
1 properties
Median Price
RM 320,000
Median PSF
RM 450.00
Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
---|---|---|---|---|---|---|
Office Lot | 21 |
RM 195,000
±28K MAD
|
+9.75% |
RM 335.00
±32 MAD
|
+7.35% | |
Shop/Retail Lot | 19 |
RM 230,000
±25K MAD
|
-10.71% |
RM 396.00
±22 MAD
|
-7.05% | |
Service Apartment | 3 |
RM 227,250
±30K MAD
|
-12.53% |
RM 364.00
±48 MAD
|
-12.42% | |
6-Storey Storey Shop | 1 |
RM 320,000
|
- |
RM 450.00
|
- |
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.
Filter by type, year, price, and size
Transactions
9 properties grouped by size
Road | Price | PSF | Size | Date | Type |
---|
RM 170,000
|
RM 405.00
|
420 sqft
|
May 2024
|
RM 160,000
|
RM 372.00
|
431 sqft
|
Jun 2024
|
RM 185,000
|
RM 296.00
|
624 sqft
|
Nov 2024
|
Office Lot | |
RM 197,000
|
RM 316.00
|
624 sqft
|
Oct 2024
|
Service Apartment | |
RM 230,000
|
RM 396.00
|
581 sqft
|
May 2024
|
Shop/Retail Lot | |
RM 195,000
|
RM 335.00
|
581 sqft
|
Mar 2024
|
Office Lot |
RM 200,000
|
RM 315.00
|
635 sqft
|
Jun 2024
|
||
RM 195,000
|
RM 307.00
|
635 sqft
|
Jan 2024
|
RM 320,000
|
RM 472.00
|
678 sqft
|
Nov 2024
|