BANDAR NEWPARK

BANDAR NEWPARK in Kluang, Johor recorded 6 subsale transactions in 2024, with a median price of RM 200K and a median price per square foot (PSF) of RM 167.

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 200K, with most transactions falling within a stable range of RM 200K to RM 617K, and a typical market range of RM 200K to RM 310K.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 167, though individual units vary from RM 41 to RM 293 in the core range. The broader market spans RM 121.50 to RM 212.50, indicating diverse property characteristics. A wider spread (IQR: RM 91.00) and deviation (MAD: RM 126) 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.