Area Intelligence

BANDAR TANAH MERAH

2 properties
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Median Price
RM 1,040,000
PSF: RM 497

Commercial Market

Median Price

RM 1,040,000

IQR: RM 173
MAD: RM 173
RM 497 PSF 106.5%

PSF Trends (2021-2025)

BANDAR TANAH MERAH in Tanah Merah, Kelantan recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 497.

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 1.04 million, with most transactions falling within a stable range of RM 680K to RM 1.40 million, and a typical market range of RM 860K to RM 1.22 million.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 497, though individual units vary from RM 324 to RM 669 in the core range. The broader market spans RM 410.25 to RM 582.75, indicating diverse property characteristics. A wider spread (IQR: RM 172.50) and deviation (MAD: RM 173) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

Area Location

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BANDAR TANAH MERAH, Tanah Merah, Kelantan

OSM

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Transactions

2 properties found

3-Storey Storey Shop
JLN TMN HIBURAN BDR TANAH MER
RM 1,400,000
PSF: RM 669.00
Area: 2,091 sqft
Date: Sep 2024
Double Storey Shop
JLN HULU PASAR
RM 680,000
PSF: RM 324.00
Area: 2,099 sqft
Date: Aug 2023