KOTA BHARU TRADE CENTRE (KBTC) in Kota Bahru, Kelantan recorded 3 subsale transactions in 2021, with a median price of RM 150K and a median price per square foot (PSF) of RM 854.
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 150K, with most transactions falling within a stable range of RM 90K to RM 210K, and a typical market range of RM 99K to RM 201K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
The median PSF stands at RM 854, with core pricing between RM 701 and RM 1,007. Market pricing typically extends from RM 723.00 to RM 985.00, reflecting moderate variation in unit pricing. The spread of RM 262.00 (IQR) and deviation of RM 153 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
