TAMAN NILAM in Langkawi, Kedah recorded 11 subsale transactions in 2022, with a median price of RM 100K and a median price per square foot (PSF) of RM 71.
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 100K, with most transactions falling within a stable range of RM 73K to RM 127K, and a typical market range of RM 76K to RM 125K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 71, with core pricing between RM 60 and RM 82. Market pricing typically extends from RM 60.00 to RM 82.00, reflecting moderate variation in unit pricing. The spread of RM 22.00 (IQR) and deviation of RM 11 (MAD) suggest moderate price variations reflecting different property features.
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.
