| Road | Price | PSF | Size | Date | Type |
|---|
|
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 385,000
RM 154 psfMedian transaction price
Rakr Mengabang Lekor (Kt-961) in Kuala Nerus, Terengganu recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 385K and a median price per square foot (PSF) of RM 154.
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 380K to RM 390K, and a typical market range of RM 380K to RM 390K.
Most transactions involved low-cost house, with moderate diversity in property types available.
For price per square foot, the median is RM 154, with most transactions between RM 152 and RM 155. The usual range is RM 99.00 to RM 208.00, showing that most units are priced quite close to each other. With an IQR of RM 109.00 and MAD of RM 2, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.