Kubang Ikan in Kuala Terengganu, Terengganu recorded 2 subsale transactions in 2023, with a median price of RM355K and a median price per square foot (PSF) of RM109.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM355K, with most transactions falling within a stable range of RM350K to RM360K, and a typical market range of RM350K to RM360K.

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

For price per square foot, the median is RM109, with most transactions between RM104 and RM113. The usual range is RM103.83 to RM113.33, showing that most units are priced quite close to each other. A typical spread (IQR) of RM9.50 and an average deviation (MAD) of RM5 indicate a highly stable PSF trend across properties.

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.