CHEONG HIN COMMERCIAL CITY
Commercial Market
Median Price
RM 450,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Shop/Retail Lot
36 properties
Median Price
RM 550,000
+27.8% CAGR
Median PSF
RM 268.00
+17.8% CAGR
Office Lot
17 properties
Median Price
RM 375,000
-12.6% CAGR
Median PSF
RM 245.50
-8.7% CAGR
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Shop/Retail Lot | 36 |
RM 550,000
±50K MAD
|
+27.78% |
RM 268.00
±9 MAD
|
+17.83% | |
| Office Lot | 17 |
RM 375,000
±78K MAD
|
-12.64% |
RM 245.50
±34 MAD
|
-8.68% |
CHEONG HIN COMMERCIAL CITY in Petaling, Selangor recorded 1 subsale transactions in 2021, with a median price of RM 450K and a median price per square foot (PSF) of RM 281.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
For price per square foot, the median is RM 281, with most transactions between RM 281 and RM 281. The usual range is RM 224.50 to RM 337.50, showing that most units are priced quite close to each other. With an IQR of RM 113.00 and MAD of RM 0, 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.
Filter by type, year, price, and size
Transactions
1 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 450,000
|
RM 281.00
|
1,604 sqft
|
Feb 2021
|