BELARA

Area Intelligence

2023

Median Price

RM 355,000

PSF: RM 130

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Residential PSF Trends

Median Price

RM 355,000

PSF: RM 130

BELARA in Kuala Terengganu, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM 355K and a median price per square foot (PSF) of RM 130.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 355K, with most transactions falling within a stable range of RM 340K to RM 370K, and a typical market range of RM 340K to RM 370K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 130, with most transactions between RM 128 and RM 132. The usual range is RM 118.00 to RM 142.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 24.00 and an average deviation (MAD) of RM 2 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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BELARA, Kuala Terengganu, Terengganu

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