PEC LOT 1457 in Tanah Merah, Kelantan recorded 3 subsale transactions in 2024, with a median price of RM 330K and a median price per square foot (PSF) of RM 57.
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 330K, with most transactions falling within a stable range of RM 299K to RM 375K, and a typical market range of RM 318K to RM 343K.
Most transactions involved detached, with minimal variety in property types.
For price per square foot, the median is RM 57, with most transactions between RM 53 and RM 61. The usual range is RM 54.00 to RM 60.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 6.00 and an average deviation (MAD) of RM 4 indicate a highly stable PSF trend across properties.
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.
