RENGAS

RENGAS in Kuala Terengganu, Terengganu recorded 7 subsale transactions in 2023, with a median price of RM 400K and a median price per square foot (PSF) of RM 134.

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 400K, with most transactions falling within a stable range of RM 370K to RM 469K, and a typical market range of RM 370K to RM 455K.

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

The median PSF stands at RM 134, with core pricing between RM 109 and RM 159. Market pricing typically extends from RM 121.00 to RM 147.00, reflecting moderate variation in unit pricing. The spread of RM 26.00 (IQR) and deviation of RM 25 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.