Pagar Besi in Kuala Nerus, Terengganu recorded 4 subsale transactions in 2023, with a median price of RM370K and a median price per square foot (PSF) of RM145.

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 RM370K, with most transactions falling within a stable range of RM360K to RM387K, and a typical market range of RM360K to RM399K.

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

Price per square foot shows a median of RM145, though individual units vary from RM0 to RM747 in the core range. The broader market spans RM122.62 to RM166.87, indicating diverse property characteristics. A wider spread (IQR: RM44.25) and deviation (MAD: RM602) indicate significant PSF variations, likely due to diverse property types or conditions.

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.