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Market Snapshot
ResidentialRM 172,000
RM 186 psfMedian transaction price
Taman Cengkih (Ramai Jaya) in Kota Setar, Kedah recorded 0 subsale transactions in 2021, with a median price of RM 172K and a median price per square foot (PSF) of RM 186.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 172K, with most transactions falling within a stable range of RM 119K to RM 225K, and a typical market range of RM 146K to RM 199K.
Most transactions involved low-cost house, with minimal variety in property types.
Price per square foot shows a median of RM 186, though individual units vary from RM 137 to RM 234 in the core range. The broader market spans RM 161.25 to RM 209.75, indicating diverse property characteristics. A wider spread (IQR: RM 48.50) and deviation (MAD: RM 49) 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.