Developer sales dominate Seremban 2 commercial transactions: Oregeon
Developer sales outpaced subsales in Oregeon Property Consultancy's Seremban 2 commercial dataset for 2023-2025, with 210 primary-market transactions worth RM382.56 million against 95 subsales totalling RM130.95 million. The report also details residential price movements across landed and strata se
PETALING JAYA (Nov 12): Developer sales outnumbered resales in Oregeon Property Consultancy’s Seremban 2 commercial dataset for 2023–2025, with newer shop-office schemes accounting for much of the primary-market activity. The consultancy recorded 210 developer sales worth RM382.56 million, compared with 95 subsales worth RM130.95 million. Developer transactions averaged about RM1.82 million and RM923 per sq ft (psf) on land area, while subsales averaged RM1.38 million and RM727 psf.
Nexus @ Seremban 2 accounted for 121 developer sales worth RM231.06 million, with prices ranging from RM1,396,620 to RM3,974,800. The average transaction price was about RM1.91 million, with an average land-area price of RM983 psf. At Ikon @ S2 Centrio, 70 developer sales ranged from about RM1.29 million to RM4.42 million and averaged RM1.81 million, or RM856 psf on land area.
Seremban 2 is IJM Land’s flagship township in Negeri Sembilan, with residential neighbourhoods, commercial centres and community amenities. The transaction material covers selected schemes and categories, providing a view of those segments rather than a measure of the entire township market. All commercial transactions cover whole shop buildings, including the land, rather than separately sold floors or strata units.
On the residential side, Oregeon’s Seremban 2 landed dataset recorded 327 subsales worth RM198.08 million, ranging from RM220,000 to RM3 million and averaging about RM606,000. At the upper end, Sri Carcosa’s five two-storey detached-house subsales ranged from RM2.4 million to RM3 million, averaging RM2.75 million, with an average land-area price of RM250 psf. For terrace houses, Garden Homes’ 57 subsales averaged about RM358,000, or RM210 psf on land area, while Garden Avenue’s 41 terrace-house subsales averaged about RM340,000 and RM246 psf.
Garden Avenue flats accounted for 127 of the 169 strata subsales in Oregeon’s amended table. Prices ranged from RM70,000 to RM180,000, averaging about RM121,000 and RM192 psf on built-up area. Annual averages rose from about RM110,000 and RM175 psf in 2023 to RM120,000 and RM188 psf in 2024, then RM136,000 and RM214 psf in 2025. Kalista 1 and Kalista 2, with more recent completion years of 2016 and 2018, held higher price bands, averaging about RM300,000 (RM327 psf) and RM327,500 (RM354 psf) respectively.
For upcoming supply, Oregeon lists the 778-unit Ikon Residensi serviced apartment project by RB Land Sdn Bhd at gross developer selling prices of RM462,540–RM886,340, and the 384-unit Residensi Sentrio (n6) apartment project by Scientex Park (M) Sdn Bhd at RM260,900–RM371,600. The projects were launched in 2025 and 2023 respectively, with estimated completion in 2028. Oregeon reported sales rates of 20% and 60% as at May 2026.
Oregeon verified the sellers and reclassified developer transactions at Nexus, Ikon and Frontiercity @ Bandar Ainsdale that had appeared as subsales in the underlying JPPH data. The primary-market and subsale figures are kept separate throughout this report.
