PHOENIX BUSINESS PARK

PHOENIX BUSINESS PARK in Kuala Lumpur, Kuala Lumpur recorded 5 subsale transactions in 2021, with a median price of RM 190K and a median price per square foot (PSF) of RM 216.

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 190K, with most transactions falling within a stable range of RM 145K to RM 250K, and a typical market range of RM 164K to RM 216K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM 216, with core pricing between RM 181 and RM 251. Market pricing typically extends from RM 201.50 to RM 230.50, reflecting moderate variation in unit pricing. The spread of RM 29.00 (IQR) and deviation of RM 35 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.