TANAH MERAH

TANAH MERAH in Tanah Merah, Kelantan recorded 2 subsale transactions in 2023, with a median price of RM 310K and a median price per square foot (PSF) of RM 61.

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 310K, with most transactions falling within a stable range of RM 270K to RM 350K, and a typical market range of RM 275K to RM 345K.

Most transactions involved detached, with minimal variety in property types.

The median PSF stands at RM 61, with core pricing between RM 53 and RM 69. Market pricing typically extends from RM 53.75 to RM 68.25, reflecting moderate variation in unit pricing. With an IQR of RM 14.50 and MAD of RM 8, the PSF demonstrates reasonable consistency across the market.

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.