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Market Snapshot
CommercialRM 578,000
RM 414 psfMedian transaction price
Lot 107 (PT 4434 Bandar Baru, Jelawat, 16070 Bachok, Kelantan, Malaysia
MapsBandar Baru Jelawat (Uptown Jelawat) in Bachok, Kelantan recorded 0 subsale transactions in 2021, with a median price of RM 578K and a median price per square foot (PSF) of RM 414.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 578K, with most transactions falling within a stable range of RM 538K to RM 618K, and a typical market range of RM 557K to RM 599K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 414, with most transactions between RM 384 and RM 444. The usual range is RM 381.00 to RM 447.00, showing that most units are priced quite close to each other. With an IQR of RM 66.00 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.