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Market Snapshot
ResidentialRM 295,000
RM 49 psfMedian transaction price
Kampung Lalang Luas in Machang, Kelantan recorded 0 subsale transactions in 2023, with a median price of RM 295K and a median price per square foot (PSF) of RM 49.
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 295K, with most transactions falling within a stable range of RM 270K to RM 320K, and a typical market range of RM 262K to RM 328K.
Most transactions involved detached, with minimal variety in property types.
The median PSF stands at RM 49, with core pricing between RM 41 and RM 57. Market pricing typically extends from RM 42.75 to RM 55.25, reflecting moderate variation in unit pricing. The spread of RM 12.50 (IQR) and deviation of RM 8 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.