MUKIM NIBONG in Tanah Merah, Kelantan recorded 1 subsale transactions in 2023, with a median price of RM 310K and a median price per square foot (PSF) of RM 28.
This area contains both residential and commercial properties. View 4 residential properties or 1 commercial properties separately for more focused analysis.
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 248K to RM 372K, and a typical market range of RM 230K to RM 390K.
Most transactions involved detached, with high diversity across multiple property types.
Price per square foot shows a median of RM 28, though individual units vary from RM 0 to RM 75 in the core range. The broader market spans RM 4.50 to RM 51.50, indicating diverse property characteristics. A wider spread (IQR: RM 47.00) and deviation (MAD: RM 47) 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.
