Area Intelligence

BANDAR LUNAS

2 properties
2024
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Median Price
RM 900,000
PSF: RM 504

Commercial Market

Median Price

RM 900,000

IQR: RM 171
MAD: RM 27
RM 504 PSF 39.9%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

BANDAR LUNAS in Kulim, Kedah recorded 2 subsale transactions in 2024, with a median price of RM 900K and a median price per square foot (PSF) of RM 504.

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 900K, with most transactions falling within a stable range of RM 400K to RM 1.40 million, and a typical market range of RM 650K to RM 1.15 million.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 504, though individual units vary from RM 333 to RM 674 in the core range. The broader market spans RM 418.25 to RM 588.75, indicating diverse property characteristics. A wider spread (IQR: RM 170.50) and deviation (MAD: RM 171) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

Area Location

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BANDAR LUNAS, Kulim, Kedah

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Transactions

2 properties found

3-Storey Storey Shop TAMAN BAYAM
RM 1,400,000
2,077 sqft Jul 2024
RM 674.00 PSF
Double Storey Shop JALAN ARA KUDA
RM 400,000
1,200 sqft May 2024
RM 333.00 PSF