| Road | Price | PSF | Size | Date | Type |
|---|
|
Off Jalan Padang Tembak
|
RM 2,600,000
|
RM 44
|
59,643 sqft
|
|
|
Kaw Perindustrian Pkl Chepa
|
RM 3,300,000
|
RM 34
|
97,037 sqft
|
|
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Market Snapshot
CommercialRM 2,950,000
RM 39 psfMedian transaction price
Kaw Perindustrian Pkln Chepa in Kota Bahru, Kelantan recorded 2 subsale transactions in 2021, with a median price of RM 2.95 million and a median price per square foot (PSF) of RM 39.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.95 million, with most transactions falling within a stable range of RM 2.60 million to RM 3.30 million, and a typical market range of RM 2.60 million to RM 3.30 million.
Most transactions involved detached factory/warehouse, with minimal variety in property types.
The median PSF stands at RM 39, with core pricing between RM 34 and RM 44. Market pricing typically extends from RM 35.05 to RM 42.55, reflecting moderate variation in unit pricing. With an IQR of RM 7.50 and MAD of RM 5, the PSF demonstrates reasonable consistency across the market.
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.