Rakr Wakaf Tengah (Kt 378)

Terengganu, Kuala Nerus, Batu Rakit

Property Transactions

6 subsales found

Median
RM170,000
PSF
RM142
Price Size
Period
transactions middle 50% (P25–P75)
RM150,000
Off Jalan Batu Rakit-K Trg
1,195 sqft RM126 PSF
RM135,000
Off Jalan Batu Rakit-K Trg
1,206 sqft RM112 PSF
RM180,000
Off Jalan Batu Rakit - K Trg
1,195 sqft RM151 PSF
RM180,000
Off Jalan Batu Rakit-K Trg
1,195 sqft RM151 PSF
RM170,000
Off Jalan Batu Rakit-K Trg
1,195 sqft RM142 PSF
RM170,000
Off Jalan Batu Rakit-K Trg
1,206 sqft RM141 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM170,000

RM142 psf

Median transaction price

Rakr Wakaf Tengah (Kt 378) in Kuala Nerus, Terengganu recorded 6 subsale transactions in 2022, with a median price of RM170K and a median price per square foot (PSF) of RM142.

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 RM170K, with most transactions falling within a stable range of RM154K to RM180K, and a typical market range of RM135K to RM180K.

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

For price per square foot, the median is RM142, with most transactions between RM128 and RM156. The usual range is RM110.78 to RM172.53, showing that most units are priced quite close to each other. With an IQR of RM61.75 and MAD of RM14, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.