Area Intelligence

RAKR WAKAF TENGAH (KT 378)

5 properties
2023
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Median Price
RM 25,000
PSF: RM 21

Residential Market

Median Price

RM 25,000

IQR: RM 80
MAD: RM 25
RM 21 PSF 9.5%

PSF Trends (2021-2025)

RAKR WAKAF TENGAH (KT 378) in Kuala Nerus, Terengganu recorded 5 subsale transactions in 2023, with a median price of RM 25K and a median price per square foot (PSF) of RM 21.

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 25K, with most transactions falling within a stable range of RM 16K to RM 102K, and a typical market range of RM 16K to RM 73K.

Most transactions involved low-cost house, with minimal variety in property types.

Price per square foot shows a median of RM 21, though individual units vary from RM 0 to RM 85 in the core range. The broader market spans RM 0.00 to RM 61.00, indicating diverse property characteristics. A wider spread (IQR: RM 80.00) and deviation (MAD: RM 64) 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.

Area Location

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RAKR WAKAF TENGAH (KT 378), Kuala Nerus, Terengganu

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Transactions

5 properties grouped by size

1,200 sqft 5 units Low-Cost House
RM 16,000 - 200,000 PSF: RM 67
Road Price PSF Size Date
OFF JLN K.TRG - BATU RAKIT
RM 200,000
RM 167.00
1,195 sqft
Dec 2023
OFF JLN BATU RAKIT - K TRG
RM 25,000
RM 21.00
1,195 sqft
Oct 2023
JLN K. TRG - BATU RAKIT (KT 378)
RM 17,000
RM 14.00
1,195 sqft
Sep 2023
OFF JLN K.TRG - BATU RAKIT
RM 16,000
RM 13.00
1,195 sqft
Aug 2023
OFF JLN BATU RAKIT-K TRG
RM 145,000
RM 121.00
1,195 sqft
Jun 2023