TAMAN KENANGA (JITRA) in Kubang Pasu, Kedah recorded 3 subsale transactions in 2023, with a median price of RM 195K and a median price per square foot (PSF) of RM 177.
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 195K, with most transactions falling within a stable range of RM 155K to RM 235K, and a typical market range of RM 107K to RM 283K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
For price per square foot, the median is RM 177, with most transactions between RM 167 and RM 187. The usual range is RM 169.75 to RM 184.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 14.50 and an average deviation (MAD) of RM 10 indicate a highly stable PSF trend across properties.
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. Limited transaction history suggests carefully evaluating comparable sales data.
