KAMPUNG CHAT RIMAU in Tanah Merah, Kelantan recorded 2 subsale transactions in 2023, with a median price of RM 320K and a median price per square foot (PSF) of RM 58.
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 320K, with most transactions falling within a stable range of RM 284K to RM 356K, and a typical market range of RM 280K to RM 360K.
Most transactions involved detached, with minimal variety in property types.
The median PSF stands at RM 58, with core pricing between RM 48 and RM 68. Market pricing typically extends from RM 50.00 to RM 65.00, reflecting moderate variation in unit pricing. The spread of RM 15.00 (IQR) and deviation of RM 10 (MAD) suggest moderate price variations reflecting different property features.
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.