KAMPUNG MELOR in Kota Bahru, Kelantan recorded 2 subsale transactions in 2023, with a median price of RM 353K and a median price per square foot (PSF) of RM 74.
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 353K, with most transactions falling within a stable range of RM 338K to RM 368K, and a typical market range of RM 333K to RM 372K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.
For price per square foot, the median is RM 74, with most transactions between RM 70 and RM 79. The usual range is RM 67.88 to RM 80.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 12.25 and an average deviation (MAD) of RM 5 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
