BANDAR LUNAS
Commercial Market
Median Price
RM 582,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Double Storey Shop
2 properties
Median Price
RM 491,000
-31.3% CAGR
Median PSF
RM 346.50
-7.5% CAGR
3-Storey Storey Shop
1 properties
Median Price
RM 1,400,000
Median PSF
RM 674.00
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Double Storey Shop | 2 |
RM 491,000
±91K MAD
|
-31.27% |
RM 346.50
±14 MAD
|
-7.50% | |
| 3-Storey Storey Shop | 1 |
RM 1,400,000
|
- |
RM 674.00
|
- |
BANDAR LUNAS in Kulim, Kedah recorded 1 subsale transactions in 2023, with a median price of RM 582K and a median price per square foot (PSF) of RM 360.
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 2 - 2 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 360, with most transactions between RM 360 and RM 360. The usual range is RM 274.75 to RM 445.25, showing that most units are priced quite close to each other. With an IQR of RM 170.50 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. Significant price variations suggest comparing multiple properties and timing the market carefully. 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 |
|---|
|
JALAN RAYA PEKAN LUNAS
|
RM 582,000
|
RM 360.00
|
1,615 sqft
|
Jul 2023
|