BANYAN AVENUE

BANYAN AVENUE in Kuala Muda, Kedah recorded 13 subsale transactions in 2023, priced between RM 300K and RM 750K, with a median price of RM 370K and a median price per square foot (PSF) of RM 318.

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 370K, with most transactions falling within a stable range of RM 350K to RM 537K, and a typical market range of RM 350K to RM 542K.

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 318, though individual units vary from RM 175 to RM 462 in the core range. The broader market spans RM 311.53 to RM 325.03, indicating diverse property characteristics. A wider spread (IQR: RM 13.50) and deviation (MAD: RM 143) 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.