KAMPUNG MELAWI in Bachok, Kelantan recorded 2 subsale transactions in 2022, with a median price of RM 225K and a median price per square foot (PSF) of RM 89.
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 225K, with most transactions falling within a stable range of RM 190K to RM 260K, and a typical market range of RM 161K to RM 289K.
Most transactions involved detached, though some variety exists in the market.
For price per square foot, the median is RM 89, with most transactions between RM 86 and RM 93. The usual range is RM 85.88 to RM 92.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 6.25 and an average deviation (MAD) of RM 4 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
