|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Jalan Alor Mengkudu/Spg Kuala
|
RM 775,000
|
RM 294
|
2,637 sqft
|
|
2-Sty Shop |
|
Jalan Spk 1
|
RM 390,000
|
RM 148
|
2,637 sqft
|
|
2-Sty Shop |
|
Pekan Simpang Kuala
|
RM 1,250,000
|
RM 269
|
4,650 sqft
|
|
3-Sty Shop |
|
Jalan Spg Kuala
|
RM 2,600,000
|
RM 419
|
6,211 sqft
|
|
3-Sty Shop |
|
Jalan Alor Mengkudu/Spg Kuala
|
RM 650,000
|
RM 246
|
2,637 sqft
|
|
2-Sty Shop |
|
Pekan Simpang Kuala
|
RM 1,200,000
|
RM 331
|
3,627 sqft
|
|
3-Sty Shop |
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Market Snapshot
CommercialRM 987,500
RM 281 psfMedian transaction price
PEKAN SIMPANG KUALA, Simpang Kuala, Bandar Alor Setar, Kota Setar, Kedah, Malaysia
Pekan Simpang Kuala in Kota Setar, Kedah recorded 6 subsale transactions in 2022, with a median price of RM 988K and a median price per square foot (PSF) of RM 281.
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 988K, with most transactions falling within a stable range of RM 390K to RM 1.70 million, and a typical market range of RM 715K to RM 1.26 million.
Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.
Price per square foot shows a median of RM 281, though individual units vary from RM 199 to RM 364 in the core range. The broader market spans RM 46.10 to RM 516.60, indicating diverse property characteristics. A wider spread (IQR: RM 470.50) and deviation (MAD: RM 82) 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.