TAMAN ORKID

TAMAN ORKID in Kluang, Johor recorded 2 subsale transactions in 2021, with a median price of RM 123K and a median price per square foot (PSF) of RM 87.

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 123K, with most transactions falling within a stable range of RM 85K to RM 160K, and a typical market range of RM 85K to RM 160K.

Most transactions involved low-cost house, with moderate diversity in property types available.

For price per square foot, the median is RM 87, with most transactions between RM 82 and RM 92. The usual range is RM 46.75 to RM 127.25, showing that most units are priced quite close to each other. With an IQR of RM 80.50 and MAD of RM 5, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.