BATU RAKIT

BATU RAKIT in Kuala Nerus, Terengganu recorded 13 subsale transactions in 2021, with a median price of RM 300K and a median price per square foot (PSF) of RM 97.

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 300K, with most transactions falling within a stable range of RM 202K to RM 398K, and a typical market range of RM 237K to RM 363K.

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 97, though individual units vary from RM 43 to RM 151 in the core range. The broader market spans RM 80.38 to RM 113.63, indicating diverse property characteristics. A wider spread (IQR: RM 33.25) and deviation (MAD: RM 54) 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. Limited transaction history suggests carefully evaluating comparable sales data.