PADANG NENAS in Kuala Nerus, Terengganu recorded 4 subsale transactions in 2023, with a median price of RM 423K and a median price per square foot (PSF) of RM 104.
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 423K, with most transactions falling within a stable range of RM 403K to RM 443K, and a typical market range of RM 398K to RM 448K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.
The median PSF stands at RM 104, with core pricing between RM 92 and RM 116. Market pricing typically extends from RM 92.50 to RM 114.50, reflecting moderate variation in unit pricing. With an IQR of RM 22.00 and MAD of RM 12, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
