MERGONG BARRAGE

MERGONG BARRAGE in Kota Setar, Kedah recorded 2 subsale transactions in 2023, with a median price of RM 1.03 million and a median price per square foot (PSF) of RM 115.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.03 million, with most transactions falling within a stable range of RM 750K to RM 1.32 million, and a typical market range of RM 750K to RM 1.32 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 115, with most transactions between RM 104 and RM 125. The usual range is RM 99.50 to RM 129.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 30.00 and an average deviation (MAD) of RM 11 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.