RENGAS

RENGAS in Kuala Terengganu, Terengganu recorded 3 subsale transactions in 2024, with a median price of RM 420K and a median price per square foot (PSF) of RM 131.

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 420K, with most transactions falling within a stable range of RM 379K to RM 460K, and a typical market range of RM 366K to RM 460K.

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

The median PSF stands at RM 131, with core pricing between RM 109 and RM 153. Market pricing typically extends from RM 118.00 to RM 144.00, reflecting moderate variation in unit pricing. The spread of RM 26.00 (IQR) and deviation of RM 22 (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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.