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Market Snapshot
ResidentialRM 370,000
RM 75 psfMedian transaction price
Kampung Melawi, Bachok, Kelantan
Kampung Melawi in Bachok, Kelantan recorded 0 subsale transactions in 2023, with a median price of RM 355K and a median price per square foot (PSF) of RM 77.
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 355K, with most transactions falling within a stable range of RM 310K to RM 400K, and a typical market range of RM 306K to RM 405K.
Most transactions involved detached, with moderate diversity in property types available.
For price per square foot, the median is RM 77, with most transactions between RM 71 and RM 84. The usual range is RM 71.25 to RM 82.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 11.50 and an average deviation (MAD) of RM 7 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.