RAKR MENGABANG LEKOR (KT-961) in Kuala Nerus, Terengganu recorded 2 subsale transactions in 2024, 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 100K to RM 217K, and a typical market range of RM 96K to RM 221K.
Most transactions involved low-cost house, though some variety exists in the market.
Price per square foot shows a median of RM 142, though individual units vary from RM 86 to RM 197 in the core range. The broader market spans RM 85.88 to RM 197.13, indicating diverse property characteristics. A wider spread (IQR: RM 111.25) and deviation (MAD: RM 56) 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.
