BANDAR LAGUNA MERBOK (TERES)

BANDAR LAGUNA MERBOK (TERES) in Kuala Muda, Kedah recorded 56 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 246.

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 370K, with most transactions falling within a stable range of RM 316K to RM 424K, and a typical market range of RM 335K to RM 405K.

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

The median PSF stands at RM 246, with core pricing between RM 207 and RM 284. Market pricing typically extends from RM 221.75 to RM 269.25, reflecting moderate variation in unit pricing. The spread of RM 47.50 (IQR) and deviation of RM 39 (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. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.