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 238K to RM 282K, and a typical market range of RM 238K to RM 300K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 177, with core pricing between RM 153 and RM 201. Market pricing typically extends from RM 124.25 to RM 229.75, reflecting moderate variation in unit pricing. With an IQR of RM 105.50 and MAD of RM 24, 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.