TAMAN TANJONG CHAT in Kota Bahru, Kelantan recorded 2 subsale transactions in 2022, with a median price of RM 395K and a median price per square foot (PSF) of RM 145.
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 395K, with most transactions falling within a stable range of RM 305K to RM 485K, and a typical market range of RM 278K to RM 513K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 145, with core pricing between RM 119 and RM 171. Market pricing typically extends from RM 117.00 to RM 172.00, reflecting moderate variation in unit pricing. The spread of RM 55.00 (IQR) and deviation of RM 26 (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.
