BELARA

BELARA in Kuala Terengganu, Terengganu recorded 14 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 115.

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 350K, with most transactions falling within a stable range of RM 287K to RM 395K, and a typical market range of RM 332K to RM 368K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.

The median PSF stands at RM 115, with core pricing between RM 102 and RM 128. Market pricing typically extends from RM 102.25 to RM 127.75, reflecting moderate variation in unit pricing. With an IQR of RM 25.50 and MAD of RM 13, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.