RIVER FRONT BUSINESS CENTRE

RIVER FRONT BUSINESS CENTRE in Kemaman, Terengganu recorded 7 subsale transactions in 2023, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 685.

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 1.10 million, with most transactions falling within a stable range of RM 1.10 million to RM 1.74 million, and a typical market range of RM 1.10 million to RM 1.20 million.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

The median PSF stands at RM 685, with core pricing between RM 577 and RM 793. Market pricing typically extends from RM 625.50 to RM 744.50, reflecting moderate variation in unit pricing. The spread of RM 119.00 (IQR) and deviation of RM 108 (MAD) suggest moderate price variations reflecting different property features.

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.