RAKR WAKAF TENGAH (KT 378)

RAKR WAKAF TENGAH (KT 378) in Kuala Nerus, Terengganu recorded 3 subsale transactions in 2024, with a median price of RM 140K and a median price per square foot (PSF) of RM 116.

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 140K, with most transactions falling within a stable range of RM 115K to RM 165K, and a typical market range of RM 104K to RM 176K.

Most transactions involved low-cost house, with minimal variety in property types.

The median PSF stands at RM 116, with core pricing between RM 95 and RM 137. Market pricing typically extends from RM 85.13 to RM 146.88, reflecting moderate variation in unit pricing. The spread of RM 61.75 (IQR) and deviation of RM 21 (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.