PERINDUSTRIAN CHENDERING in Kuala Terengganu, Terengganu recorded 3 subsale transactions in 2023, with a median price of RM 540K and a median price per square foot (PSF) of RM 124.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 540K, with most transactions falling within a stable range of RM 380K to RM 700K, and a typical market range of RM -105,375 to RM 1.19 million.
Most transactions involved terraced factory/warehouse, with moderate diversity in property types available.
The median PSF stands at RM 124, with core pricing between RM 101 and RM 148. Market pricing typically extends from RM 102.13 to RM 145.88, reflecting moderate variation in unit pricing. The spread of RM 43.75 (IQR) and deviation of RM 24 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
