TAMAN DESA UTAMA in Tanah Merah, Kelantan recorded 1 subsale transactions in 2024, with a median price of RM 160K and a median price per square foot (PSF) of RM 114.
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 160K, with most transactions falling within a stable range of RM 60K to RM 260K, and a typical market range of RM 58K to RM 263K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 114, though individual units vary from RM 43 to RM 186 in the core range. The broader market spans RM 40.63 to RM 187.38, indicating diverse property characteristics. A wider spread (IQR: RM 146.75) and deviation (MAD: RM 72) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
