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Market Snapshot
ResidentialRM 180,000
RM 104 psfMedian transaction price
Perumahan Rantau Petronas, No 7, Jln 60, Rantau Laut, 24300 Kerteh, Terengganu, Malaysia
MapsPerumahan Rantau Petronas in Kemaman, Terengganu recorded 0 subsale transactions in 2021, with a median price of RM 200K and a median price per square foot (PSF) of RM 104.
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 200K, with most transactions falling within a stable range of RM 180K to RM 220K, and a typical market range of RM 125K to RM 275K.
Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 104, with core pricing between RM 89 and RM 120. Market pricing typically extends from RM 88.00 to RM 120.00, reflecting moderate variation in unit pricing. With an IQR of RM 32.00 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.
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.