Area Intelligence

BANDAR LUNAS

2 properties
Double Storey Shop
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Median Price
RM 491,000
PSF: RM 347

Commercial Market

Median Price

RM 491,000

IQR: RM 171
MAD: RM 27
RM 347 PSF 39.9%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

BANDAR LUNAS in Kulim, Kedah recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 491K and a median price per square foot (PSF) of RM 347.

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 491K, with most transactions falling within a stable range of RM 400K to RM 582K, and a typical market range of RM 400K to RM 582K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 347, with most transactions between RM 333 and RM 360. The usual range is RM 261.25 to RM 431.75, showing that most units are priced quite close to each other. With an IQR of RM 170.50 and MAD of RM 14, 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. 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 grouped by size

1,200 sqft
1 units Double Storey Shop
RM 400,000
JALAN ARA KUDA
1,200 sqft · RM 333.00 PSF
May 2024
1,600 sqft
1 units Double Storey Shop
RM 582,000
JALAN RAYA PEKAN LUNAS
1,615 sqft · RM 360.00 PSF
Jul 2023