BELARA

BELARA in Kuala Terengganu, Terengganu recorded 3 subsale transactions in 2023, with a median price of RM 340K and a median price per square foot (PSF) of RM 128.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 340K, with most transactions falling within a stable range of RM 330K to RM 357K, and a typical market range of RM 330K to RM 360K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

Price per square foot shows a median of RM 128, though individual units vary from RM 100 to RM 156 in the core range. The broader market spans RM 116.00 to RM 140.00, indicating diverse property characteristics. The spread of RM 24.00 (IQR) and deviation of RM 28 (MAD) suggest moderate price variations reflecting different property features.

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.