TAMAN NILAM

TAMAN NILAM in Kuala Muda, Kedah recorded 4 subsale transactions in 2022, with a median price of RM 198K and a median price per square foot (PSF) of RM 116.

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 198K, with most transactions falling within a stable range of RM 164K to RM 230K, and a typical market range of RM 160K to RM 230K.

Most transactions involved low-cost house, with minimal variety in property types.

Price per square foot shows a median of RM 116, though individual units vary from RM 81 to RM 151 in the core range. The broader market spans RM 83.13 to RM 148.88, indicating diverse property characteristics. A wider spread (IQR: RM 65.75) and deviation (MAD: RM 35) 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.