PADANG LUAS in Besut, Terengganu recorded 10 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 83.
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 380K, with most transactions falling within a stable range of RM 298K to RM 450K, and a typical market range of RM 328K to RM 433K.
Most transactions involved detached, with high diversity across multiple property types.
Price per square foot shows a median of RM 83, though individual units vary from RM 29 to RM 136 in the core range. The broader market spans RM 59.50 to RM 105.50, indicating diverse property characteristics. A wider spread (IQR: RM 46.00) and deviation (MAD: RM 53) 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.
