BELARA

BELARA in Kuala Terengganu, Terengganu recorded 19 subsale transactions in 2022, with a median price of RM 330K and a median price per square foot (PSF) of RM 106.

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 330K, with most transactions falling within a stable range of RM 249K to RM 411K, and a typical market range of RM 312K to RM 348K.

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

Price per square foot shows a median of RM 106, though individual units vary from RM 79 to RM 133 in the core range. The broader market spans RM 93.25 to RM 118.75, indicating diverse property characteristics. A wider spread (IQR: RM 25.50) and deviation (MAD: RM 27) 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.