| Road | Price | PSF | Size | Date | Type |
|---|
|
Off Jalan Batu Rakit-Merang(Bawah Lot
|
RM 260,000
|
RM 73
|
3,584 sqft
|
|
|
Off Jalan Batu Rakit-Merang
|
RM 450,000
|
RM 96
|
4,693 sqft
|
|
|
Mengabang Panjang, Off Jalan Merang-Batu Rakit
|
RM 450,000
|
RM 91
|
4,930 sqft
|
|
|
Off Jalan Batu Rakit-Merang
|
RM 320,000
|
RM 54
|
5,920 sqft
|
|
|
Off Jalan Merang-Batu Rakit
|
RM 540,000
|
RM 83
|
6,469 sqft
|
|
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Market Snapshot
ResidentialRM 450,000
RM 83 psfMedian transaction price
Pagar Besi in Kuala Nerus, Terengganu recorded 5 Bungalow properties subsale transactions between 2021 and 2026, with a median price of RM 450K and a median price per square foot (PSF) of RM 83.
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 450K, with most transactions falling within a stable range of RM 349K to RM 540K, and a typical market range of RM 421K to RM 479K.
Within the Bungalow category, 1 - 1 1/2 storey semi-detached dominated the market, though some variety exists in the market.
The median PSF stands at RM 83, with core pricing between RM 69 and RM 98. Market pricing typically extends from RM 61.35 to RM 105.60, reflecting moderate variation in unit pricing. The spread of RM 44.25 (IQR) and deviation of RM 15 (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.