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Market Snapshot
CommercialRM 280,000
RM 388 psfMedian transaction price
Bandar Pinggiran Kuala Krai in Kuala Krai, Kelantan recorded 0 subsale transactions in 2022, with a median price of RM 280K and a median price per square foot (PSF) of RM 388.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 280K, with most transactions falling within a stable range of RM 250K to RM 310K, and a typical market range of RM 120K to RM 440K.
Most transactions involved 1 - 1 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 388, with most transactions between RM 363 and RM 413. The usual range is RM 369.50 to RM 406.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 37.00 and an average deviation (MAD) of RM 25 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.