OFF MP 11 1/4 JLN J.BAHRU/ULU TIRAM

OFF MP 11 1/4 JLN J.BAHRU/ULU TIRAM in Johor Bahru, Johor recorded 2 subsale transactions in 2023, with a median price of RM 8.85 million and a median price per square foot (PSF) of RM 104.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 8.85 million, with most transactions falling within a stable range of RM 5.70 million to RM 12.00 million, and a typical market range of RM 6.13 million to RM 11.57 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 104, though individual units vary from RM 77 to RM 130 in the core range. The broader market spans RM 89.63 to RM 117.38, indicating diverse property characteristics. A wider spread (IQR: RM 27.75) and deviation (MAD: RM 27) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.