| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan K.trg- Batu Rakit
|
RM 30,000
|
RM 27
|
1,119 sqft
|
|
|
|
Rumah Awam Mengabang Lekor Ii
|
RM 150,000
|
RM 135
|
1,109 sqft
|
|
|
Jalan K.trg- Batu Rakit
|
RM 30,000
|
RM 27
|
1,130 sqft
|
|
|
|
Rumah Awam Mengabang Lekor Ii
|
RM 167,000
|
RM 148
|
1,130 sqft
|
|
|
Mengabang Lekar, Batu Rakit - Merang
|
RM 380,000
|
RM 152
|
2,508 sqft
|
|
|
|
Mengabang Lekar, Batu Rakit - Merang
|
RM 390,000
|
RM 155
|
2,519 sqft
|
|
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Market Snapshot
ResidentialRM 158,500
RM 142 psfMedian transaction price
Rakr Mengabang Lekor (Kt-961) in Kuala Nerus, Terengganu recorded 6 subsale transactions between 2021 and 2026, with a median price of RM 159K and a median price per square foot (PSF) of RM 142.
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 159K, with most transactions falling within a stable range of RM 30K to RM 305K, and a typical market range of RM 94K to RM 223K.
Most transactions involved low-cost house, with moderate diversity in property types available.
Price per square foot shows a median of RM 142, though individual units vary from RM 84 to RM 199 in the core range. The broader market spans RM 87.03 to RM 196.03, indicating diverse property characteristics. A wider spread (IQR: RM 109.00) and deviation (MAD: RM 57) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.