KAMPUNGSALAK in Tanah Merah, Kelantan recorded 12 subsale transactions in 2024, with a median price of RM 262K and a median price per square foot (PSF) of RM 174.
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 262K, with most transactions falling within a stable range of RM 256K to RM 267K, and a typical market range of RM 249K to RM 274K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 174, with most transactions between RM 167 and RM 182. The usual range is RM 148.25 to RM 199.75, showing that most units are priced quite close to each other. With an IQR of RM 51.50 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.