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Market Snapshot
CommercialRM 600,000
RM 500 psfMedian transaction price
BANDAR BARU TANAH MERAH, Pekan Kubur Panjang, 06700, Pendang, Kedah, Malaysia
Bandar Baru Tanah Merah in Pendang, Kedah recorded 0 subsale transactions in 2021, with a median price of RM 600K and a median price per square foot (PSF) of RM 500.
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 600K, with most transactions falling within a stable range of RM 533K to RM 668K, and a typical market range of RM 512K to RM 688K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 500, with most transactions between RM 469 and RM 532. The usual range is RM 469.50 to RM 530.50, showing that most units are priced quite close to each other. With an IQR of RM 61.00 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.