MERSING KANAN

MERSING KANAN in Mersing, Johor recorded 5 subsale transactions in 2022, with a median price of RM 804K and a median price per square foot (PSF) of RM 507.

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 804K, with most transactions falling within a stable range of RM 780K to RM 831K, and a typical market range of RM 782K to RM 826K.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 507, with most transactions between RM 476 and RM 538. The usual range is RM 491.13 to RM 522.88, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 31.75 and an average deviation (MAD) of RM 31 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.