|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2025 | |||||
|
Mengabang Panjang, Off Jalan Merang-Batu Rakit
|
RM 450,000
|
RM 91
|
4,930 sqft
|
|
Bungalow |
|
Pengkalan Atap, Off Jalan Batu Rakit - Merang (Pl: 22
|
RM 350,000
|
RM 143
|
2,454 sqft
|
|
Semi-D |
|
Off Jalan Batu Rakit - Merang (Pl: 90
|
RM 400,000
|
RM 123
|
3,261 sqft
|
|
Semi-D |
|
Off Jalan Batu Rakit - Merang (Pl: 90
|
RM 370,000
|
RM 124
|
2,982 sqft
|
|
Semi-D |
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Market Snapshot
ResidentialRM 385,000
RM 123 psfMedian transaction price
Pagar Besi in Kuala Nerus, Terengganu recorded 4 subsale transactions in 2025, with a median price of RM 385K and a median price per square foot (PSF) of RM 123.
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 385K, with most transactions falling within a stable range of RM 350K to RM 423K, and a typical market range of RM 356K to RM 414K.
Most transactions involved 1 - 1 1/2 storey semi-detached, though some variety exists in the market.
The median PSF stands at RM 123, with core pricing between RM 105 and RM 142. Market pricing typically extends from RM 101.25 to RM 145.50, reflecting moderate variation in unit pricing. The spread of RM 44.25 (IQR) and deviation of RM 19 (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.