PARAGON SUITES @ CIQ

PARAGON SUITES @ CIQ in Johor Bahru, Johor recorded 12 subsale transactions in 2023, with a median price of RM 619K and a median price per square foot (PSF) of RM 650.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 619K, with most transactions falling within a stable range of RM 460K to RM 849K, and a typical market range of RM 460K to RM 811K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 650, with most transactions between RM 600 and RM 700. The usual range is RM 601.50 to RM 698.50, showing that most units are priced quite close to each other. With an IQR of RM 97.00 and MAD of RM 50, 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.