Tiong Nam Industrial Park 2, Shah Alam in Petaling, Selangor recorded 2 subsale transactions in 2023, with a median price of RM6.00 million and a median price per square foot (PSF) of RM564.

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 RM6.00 million, with most transactions falling within a stable range of RM5.50 million to RM6.50 million, and a typical market range of RM5.55 million to RM6.45 million.

Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM564, with most transactions between RM517 and RM611. The usual range is RM521.57 to RM606.57, showing that most units are priced quite close to each other. With an IQR of RM85.00 and MAD of RM47, the PSF demonstrates reasonable consistency across the market.

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.