SEKSYEN 11, BANDAR KOTA BHARU in Kota Bahru, Kelantan recorded 5 subsale transactions in 2023, with a median price of RM 550K and a median price per square foot (PSF) of RM 344.
This area contains both residential and commercial properties. View 2 residential properties or 9 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 550K, with most transactions falling within a stable range of RM 550K to RM 593K, and a typical market range of RM 550K to RM 650K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
The median PSF stands at RM 344, with core pricing between RM 291 and RM 397. Market pricing typically extends from RM 252.00 to RM 436.00, reflecting moderate variation in unit pricing. The spread of RM 184.00 (IQR) and deviation of RM 53 (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.
