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Market Snapshot
CommercialRM 277,500
RM 166 psfMedian transaction price
Taman Pekan Baru (Kms) in Kuala Muda, Kedah recorded 2 subsale transactions in 2024, with a median price of RM 278K and a median price per square foot (PSF) of RM 166.
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 278K, with most transactions falling within a stable range of RM 165K to RM 390K, and a typical market range of RM 221K to RM 334K.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
For price per square foot, the median is RM 166, with most transactions between RM 156 and RM 176. The usual range is RM 134.65 to RM 197.65, showing that most units are priced quite close to each other. With an IQR of RM 63.00 and MAD of RM 10, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.