RAKR MENGABANG LEKOR (KT-961)

RAKR MENGABANG LEKOR (KT-961) in Kuala Nerus, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM 105K 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 105K, with most transactions falling within a stable range of RM 30K to RM 180K, and a typical market range of RM 77K to RM 133K.

Most transactions involved low-cost house, though some variety exists in the market.

Price per square foot shows a median of RM 97, though individual units vary from RM 27 to RM 167 in the core range. The broader market spans RM 71.88 to RM 122.13, indicating diverse property characteristics. A wider spread (IQR: RM 50.25) and deviation (MAD: RM 70) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.