BANDAR NEWPARK

BANDAR NEWPARK in Kluang, Johor recorded 19 subsale transactions in 2023, with a median price of RM 698K and a median price per square foot (PSF) of RM 388.

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 698K, with most transactions falling within a stable range of RM 618K to RM 1.04 million, and a typical market range of RM 618K to RM 808K.

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

The median PSF stands at RM 388, with core pricing between RM 316 and RM 460. Market pricing typically extends from RM 342.50 to RM 433.50, reflecting moderate variation in unit pricing. The spread of RM 91.00 (IQR) and deviation of RM 72 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.