MOLEK REGENCY SERVICE APARTMENT

MOLEK REGENCY SERVICE APARTMENT in Johor Bahru, Johor recorded 81 subsale transactions in 2023, with a median price of RM 530K and a median price per square foot (PSF) of RM 519.

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 530K, with most transactions falling within a stable range of RM 325K to RM 779K, and a typical market range of RM 341K to RM 719K.

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

Price per square foot shows a median of RM 519, though individual units vary from RM 397 to RM 641 in the core range. The broader market spans RM 487.75 to RM 550.25, indicating diverse property characteristics. The spread of RM 62.50 (IQR) and deviation of RM 122 (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. Moderate transaction volume may require patience when buying or selling.