| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Bandar Baru 1
|
RM 229,000
|
RM 102
|
2,250 sqft
|
|
|
|
Jalan Bandar Baru 2
|
RM 650,000
|
RM 289
|
2,250 sqft
|
|
|
|
Jalan Bandar Baru 2
|
RM 600,000
|
RM 267
|
2,250 sqft
|
|
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Market Snapshot
CommercialRM 600,000
RM 267 psfMedian transaction price
BANDAR BARU TANAH MERAH, Pekan Kubur Panjang, 06700, Pendang, Kedah, Malaysia
Bandar Baru Tanah Merah in Pendang, Kedah recorded 3 subsale transactions in 2022, with a median price of RM 600K and a median price per square foot (PSF) of RM 267.
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 412K to RM 650K, and a typical market range of RM 512K to RM 650K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
Price per square foot shows a median of RM 267, though individual units vary from RM 183 to RM 350 in the core range. The broader market spans RM 236.21 to RM 297.21, indicating diverse property characteristics. A wider spread (IQR: RM 61.00) and deviation (MAD: RM 83) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.