BELARA

BELARA in Kuala Terengganu, Terengganu recorded 19 subsale transactions in 2024, with a median price of RM 360K and a median price per square foot (PSF) of RM 94.

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 360K, with most transactions falling within a stable range of RM 295K to RM 425K, and a typical market range of RM 342K to RM 378K.

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 94, though individual units vary from RM 61 to RM 127 in the core range. The broader market spans RM 81.25 to RM 106.75, indicating diverse property characteristics. A wider spread (IQR: RM 25.50) and deviation (MAD: RM 33) 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.