CHEONG HIN COMMERCIAL CITY

CHEONG HIN COMMERCIAL CITY in Petaling, Selangor recorded 5 subsale transactions in 2023, with a median price of RM 550K and a median price per square foot (PSF) of RM 268.

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 550K, with most transactions falling within a stable range of RM 466K to RM 600K, and a typical market range of RM 425K to RM 600K.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

For price per square foot, the median is RM 268, with most transactions between RM 253 and RM 283. The usual range is RM 211.50 to RM 324.50, showing that most units are priced quite close to each other. With an IQR of RM 113.00 and MAD of RM 15, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.