RAKR WAKAF TENGAH (KT 378)

RAKR WAKAF TENGAH (KT 378) in Kuala Nerus, Terengganu recorded 5 subsale transactions in 2023, with a median price of RM 25K and a median price per square foot (PSF) of RM 21.

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 25K, with most transactions falling within a stable range of RM 16K to RM 102K, and a typical market range of RM 16K to RM 73K.

Most transactions involved low-cost house, with minimal variety in property types.

Price per square foot shows a median of RM 21, though individual units vary from RM 0 to RM 85 in the core range. The broader market spans RM 0.00 to RM 61.00, indicating diverse property characteristics. A wider spread (IQR: RM 80.00) and deviation (MAD: RM 64) indicate significant PSF variations, likely due to diverse property types or conditions.

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.