Area Intelligence

PEKAN SIMPANG KUALA

6 properties
3-Storey Storey Shop
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Median Price
RM 1,035,000
PSF: RM 772

Commercial Market

Median Price

RM 1,035,000

IQR: RM 471
MAD: RM 151
RM 772 PSF 15.4%

PSF Trends (2021-2025)

PEKAN SIMPANG KUALA in Kota Setar, Kedah recorded 6 3-Storey Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey storey shop properties, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 772.

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 1.04 million, with most transactions falling within a stable range of RM 650K to RM 1.68 million, and a typical market range of RM 756K to RM 1.31 million.

Within the 3-Storey Storey Shop category, 3 - 3 1/2 storey shop dominated the market, with moderate diversity in property types available.

Price per square foot shows a median of RM 772, though individual units vary from RM 490 to RM 1,053 in the core range. The broader market spans RM 535.88 to RM 1,007.13, indicating diverse property characteristics. A wider spread (IQR: RM 471.25) and deviation (MAD: RM 281) 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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PEKAN SIMPANG KUALA, Kota Setar, Kedah

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Transactions

6 properties grouped by size

1,300 sqft
2 units 3-Storey Storey Shop
RM 1,250,000
PEKAN SIMPANG KUALA
1,302 sqft · RM 960.00 PSF
Aug 2022
RM 1,200,000
PEKAN SIMPANG KUALA
1,302 sqft · RM 921.00 PSF
Mar 2022
1,400 sqft
1 units 3-Storey Storey Shop
RM 870,000
JLN ALOR MENGKUDU/SPG KUALA
1,399 sqft · RM 622.00 PSF
Jun 2024
1,600 sqft
2 units 3-Storey Storey Shop
RM 800,000
JALAN PSK 1
1,604 sqft · RM 499.00 PSF
Apr 2024
RM 650,000
JALAN PSK 1
1,604 sqft · RM 405.00 PSF
Feb 2024
2,150 sqft
1 units 3-Storey Storey Shop
RM 2,600,000
JLN SPG KUALA
2,164 sqft · RM 1,202.00 PSF
Jul 2022