PEC LOT 700 in Tanah Merah, Kelantan recorded 1 subsale transactions in 2022, with a median price of RM 120K and a median price per square foot (PSF) of RM 100.
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 120K, with most transactions falling within a stable range of RM 90K to RM 150K, and a typical market range of RM 105K to RM 135K.
Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.
Price per square foot shows a median of RM 100, though individual units vary from RM 75 to RM 126 in the core range. The broader market spans RM 87.25 to RM 112.75, indicating diverse property characteristics. A wider spread (IQR: RM 25.50) and deviation (MAD: RM 26) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
