| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Wakaf Tengah-Maras
|
RM 100,000
|
RM 87
|
1,152 sqft
|
|
|
|
Off Jalan Padang Nanas-Maras
|
RM 160,000
|
RM 139
|
1,152 sqft
|
|
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Market Snapshot
ResidentialRM 130,000
RM 113 psfMedian transaction price
Rakr Alor Jambu (Kt 67-99) Kubur Sharif in Kuala Nerus, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM 130K and a median price per square foot (PSF) of RM 113.
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 130K, with most transactions falling within a stable range of RM 100K to RM 160K, and a typical market range of RM 103K to RM 157K.
Most transactions involved low-cost house, with minimal variety in property types.
Price per square foot shows a median of RM 113, though individual units vary from RM 87 to RM 139 in the core range. The broader market spans RM 89.87 to RM 135.87, indicating diverse property characteristics. The spread of RM 46.00 (IQR) and deviation of RM 26 (MAD) suggest moderate price variations reflecting different property features.
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.