WAKAF TENGAH

WAKAF TENGAH in Kuala Nerus, Terengganu recorded 19 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 119.

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 370K, with most transactions falling within a stable range of RM 340K to RM 410K, and a typical market range of RM 343K to RM 398K.

Most transactions involved 1 - 1 1/2 storey terraced1 - 1, though some variety exists in the market.

The median PSF stands at RM 119, with core pricing between RM 97 and RM 141. Market pricing typically extends from RM 106.25 to RM 131.75, reflecting moderate variation in unit pricing. The spread of RM 25.50 (IQR) and deviation of RM 22 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.