Area Intelligence

CBD

11 properties
2023
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Median Price
RM 2,300,000
PSF: RM 1,373

Residential Market

Median Price

RM 523,000

IQR: RM 9
MAD: RM 5
RM 552 PSF 8.8%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 2,800,000

IQR: RM 625
MAD: RM 329
RM 1,380 PSF 14.0%

PSF Trends (2021-2025)

CBD in Johor Bahru, Johor recorded 11 subsale transactions in 2023, with a median price of RM 2.30 million and a median price per square foot (PSF) of RM 1,373.

This area contains both residential and commercial properties. View 18 residential properties or 20 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.30 million, with most transactions falling within a stable range of RM 1.17 million to RM 3.43 million, and a typical market range of RM 1,000K to RM 3.60 million.

Most transactions involved service apartment, with high diversity across multiple property types.

Price per square foot shows a median of RM 1,373, though individual units vary from RM 743 to RM 2,003 in the core range. The broader market spans RM 705.50 to RM 2,040.50, indicating diverse property characteristics. A wider spread (IQR: RM 1,335.00) and deviation (MAD: RM 630) indicate significant PSF variations, likely due to diverse property types or conditions.

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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CBD, Johor Bahru, Johor

OSM

Transactions

11 properties grouped by size

950 sqft
2 units Service Apartment
RM 470,000
947 sqft · RM 496.00 PSF
Jul 2023
RM 576,000
947 sqft · RM 608.00 PSF
Jun 2023
1,300 sqft
1 units Double Storey Shop
RM 3,000,000
JLN LEE THYE HENG
1,306 sqft · RM 2,297.00 PSF
Aug 2023
1,500 sqft
1 units Double Storey Shop
RM 1,750,000
JLN TRUS
1,524 sqft · RM 1,148.00 PSF
Oct 2023
1,550 sqft
1 units Double Storey Shop
RM 1,750,000
JLN TRUS
1,530 sqft · RM 1,144.00 PSF
Oct 2023
1,600 sqft
1 units Double Storey Shop
RM 2,200,000
JLN WONG AH FOOK
1,602 sqft · RM 1,373.00 PSF
Jan 2023
1,700 sqft
3 units 4-Storey Storey Shop
RM 3,300,000
JLN WONG AH FOOK
1,696 sqft · RM 1,946.00 PSF
Nov 2023
RM 3,300,000
JLN WONG AH FOOK
1,713 sqft · RM 1,926.00 PSF
Nov 2023
RM 4,400,000
JLN WONG AH FOOK
1,702 sqft · RM 2,585.00 PSF
Apr 2023
1,950 sqft
1 units Single Storey Shop
RM 2,300,000
JLN TRUS
1,952 sqft · RM 1,178.00 PSF
Aug 2023
2,050 sqft
1 units Double Storey Shop
RM 2,800,000
JLN WONG AH FOOK
2,029 sqft · RM 1,380.00 PSF
Jan 2023