PEC LOT 1757 in Tanah Merah, Kelantan recorded 2 subsale transactions in 2024, with a median price of RM 124K and a median price per square foot (PSF) of RM 89.
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 124K, with most transactions falling within a stable range of RM 77K to RM 172K, and a typical market range of RM 96K to RM 152K.
Most transactions involved low-cost house, with moderate diversity in property types available.
The median PSF stands at RM 89, with core pricing between RM 72 and RM 105. Market pricing typically extends from RM 71.63 to RM 105.38, reflecting moderate variation in unit pricing. The spread of RM 33.75 (IQR) and deviation of RM 17 (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.
