KAMPUNG PULAU BELANGA in Kota Bahru, Kelantan recorded 11 subsale transactions in 2022, with a median price of RM 258K and a median price per square foot (PSF) of RM 177.
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 258K, with most transactions falling within a stable range of RM 199K to RM 317K, and a typical market range of RM 177K to RM 339K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 177, though individual units vary from RM 133 to RM 221 in the core range. The broader market spans RM 124.25 to RM 229.75, indicating diverse property characteristics. The spread of RM 105.50 (IQR) and deviation of RM 44 (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.
