MUKIM BATU MENGKEBANG in Kuala Krai, Kelantan recorded 3 subsale transactions in 2023, with a median price of RM 211K and a median price per square foot (PSF) of RM 136.
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 211K, with most transactions falling within a stable range of RM 191K to RM 231K, and a typical market range of RM 166K to RM 256K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 136, with core pricing between RM 109 and RM 163. Market pricing typically extends from RM 108.00 to RM 164.00, reflecting moderate variation in unit pricing. The spread of RM 56.00 (IQR) and deviation of RM 27 (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.
