PEKAN NENAS INDUSTRIAL PARK

PEKAN NENAS INDUSTRIAL PARK in Pontian, Johor recorded 6 subsale transactions in 2023, with a median price of RM 4.19 million and a median price per square foot (PSF) of RM 163.

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 4.19 million, with most transactions falling within a stable range of RM 3.00 million to RM 5.74 million, and a typical market range of RM 4.09 million to RM 4.29 million.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

The median PSF stands at RM 163, with core pricing between RM 137 and RM 189. Market pricing typically extends from RM 150.50 to RM 175.50, reflecting moderate variation in unit pricing. The spread of RM 25.00 (IQR) and deviation of RM 26 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.