BANDAR BARU Tumpat

BANDAR BARU TUMPAT in Tumpat, Kelantan recorded 4 subsale transactions in 2023, with a median price of RM 509K and a median price per square foot (PSF) of RM 378.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 509K, with most transactions falling within a stable range of RM 266K to RM 752K, and a typical market range of RM 353K to RM 665K.

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

For price per square foot, the median is RM 378, with most transactions between RM 342 and RM 414. The usual range is RM 347.38 to RM 408.63, showing that most units are priced quite close to each other. With an IQR of RM 61.25 and MAD of RM 36, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.