CAYMAN INDUSTRIAL PARK

CAYMAN INDUSTRIAL PARK in Kulim, Kedah recorded 20 subsale transactions in 2023, with a median price of RM 250K and a median price per square foot (PSF) of RM 142.

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 250K, with most transactions falling within a stable range of RM 180K to RM 529K, and a typical market range of RM 181K to RM 319K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

Price per square foot shows a median of RM 142, though individual units vary from RM 102 to RM 182 in the core range. The broader market spans RM 108.00 to RM 176.00, indicating diverse property characteristics. A wider spread (IQR: RM 68.00) and deviation (MAD: RM 40) 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. Moderate transaction volume may require patience when buying or selling.