BATU RAKIT

BATU RAKIT in Kuala Nerus, Terengganu recorded 64 subsale transactions in 2023, with a median price of RM 330K and a median price per square foot (PSF) of RM 113.

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 330K, with most transactions falling within a stable range of RM 240K to RM 420K, and a typical market range of RM 267K to RM 393K.

Most transactions involved 2 - 2 1/2 storey terraced2 - 2, with high diversity across multiple property types.

Price per square foot shows a median of RM 113, though individual units vary from RM 80 to RM 145 in the core range. The broader market spans RM 95.88 to RM 129.13, indicating diverse property characteristics. A wider spread (IQR: RM 33.25) and deviation (MAD: RM 33) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Moderate transaction volume may require patience when buying or selling.