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Market Snapshot
ResidentialRM 500,000
RM 76 psfMedian transaction price
Kampung Palekbang, Tumpat, Kelantan
Kampung Palekbang in Tumpat, Kelantan recorded 0 subsale transactions in 2024, with a median price of RM 500K and a median price per square foot (PSF) of RM 76.
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 500K, with most transactions falling within a stable range of RM 470K to RM 530K, and a typical market range of RM 485K to RM 515K.
Most transactions involved detached, with minimal variety in property types.
Price per square foot shows a median of RM 76, though individual units vary from RM 58 to RM 94 in the core range. The broader market spans RM 59.50 to RM 92.50, indicating diverse property characteristics. The spread of RM 33.00 (IQR) and deviation of RM 18 (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.