ELITE INDUSTRIAL AREA

ELITE INDUSTRIAL AREA in Klang, Selangor recorded 3 subsale transactions in 2023, with a median price of RM 3.50 million and a median price per square foot (PSF) of RM 321.

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 3.50 million, with most transactions falling within a stable range of RM 3.30 million to RM 11.09 million, and a typical market range of RM 3.30 million to RM 9.66 million.

Most transactions involved semi-detached factory/warehouse, with moderate diversity in property types available.

For price per square foot, the median is RM 321, with most transactions between RM 308 and RM 334. The usual range is RM 301.50 to RM 340.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 39.00 and an average deviation (MAD) of RM 13 indicate a highly stable PSF trend across properties.

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.