Rakr Mengabang Lekor (Kt-961) in Kuala Nerus, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM105K and a median price per square foot (PSF) of RM97.

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 RM105K, with most transactions falling within a stable range of RM30K to RM180K, and a typical market range of RM40K to RM170K.

Most transactions involved low-cost house, with moderate diversity in property types available.

Price per square foot shows a median of RM97, though individual units vary from RM27 to RM167 in the core range. The broader market spans RM42.51 to RM151.51, indicating diverse property characteristics. A wider spread (IQR: RM109.00) and deviation (MAD: RM70) 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.