TAMAN ORKID in Kudat, Sabah recorded 4 subsale transactions in 2023, with a median price of RM 278K and a median price per square foot (PSF) of RM 127.
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 278K, with most transactions falling within a stable range of RM 210K to RM 345K, and a typical market range of RM 216K to RM 339K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.
Price per square foot shows a median of RM 127, though individual units vary from RM 99 to RM 155 in the core range. The broader market spans RM 97.63 to RM 156.38, indicating diverse property characteristics. The spread of RM 58.75 (IQR) and deviation of RM 28 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
