TAMAN ORKID

TAMAN ORKID in Kluang, Johor recorded 4 subsale transactions in 2022, with a median price of RM 123K and a median price per square foot (PSF) of RM 122.

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 72K to RM 170K, and a typical market range of RM 83K to RM 163K.

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

Price per square foot shows a median of RM 122, though individual units vary from RM 75 to RM 169 in the core range. The broader market spans RM 81.75 to RM 162.25, indicating diverse property characteristics. A wider spread (IQR: RM 80.50) and deviation (MAD: RM 47) 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.