PEKAN KG. RAJA

PEKAN KG. RAJA in Besut, Terengganu recorded 3 subsale transactions in 2024, with a median price of RM 600K and a median price per square foot (PSF) of RM 408.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 600K, with most transactions falling within a stable range of RM 542K to RM 650K, and a typical market range of RM 533K to RM 650K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 408, with most transactions between RM 381 and RM 435. The usual range is RM 325.38 to RM 490.63, showing that most units are priced quite close to each other. With an IQR of RM 165.25 and MAD of RM 27, 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.