TAMAN DESA ORKID

TAMAN DESA ORKID in Kota Bahru, Kelantan recorded 2 subsale transactions in 2023, with a median price of RM 365K and a median price per square foot (PSF) of RM 237.

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 365K, with most transactions falling within a stable range of RM 350K to RM 380K, and a typical market range of RM 355K to RM 375K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 237, with most transactions between RM 227 and RM 247. The usual range is RM 230.50 to RM 243.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 13.00 and an average deviation (MAD) of RM 10 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.