RAKR WAKAF TENGAH (KT 378)

RAKR WAKAF TENGAH (KT 378) in Kuala Nerus, Terengganu recorded 6 subsale transactions in 2022, with a median price of RM 170K and a median price per square foot (PSF) of RM 142.

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 170K, with most transactions falling within a stable range of RM 154K to RM 180K, and a typical market range of RM 135K to RM 180K.

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

For price per square foot, the median is RM 142, with most transactions between RM 127 and RM 156. The usual range is RM 101.50 to RM 181.50, showing that most units are priced quite close to each other. With an IQR of RM 80.00 and MAD of RM 14, 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.